GIFT Nifty signals a negative start for D-Street. Here's the trading setup for today's session
Central Bank’s policy meeting globally as the US Federal Reserve, BOE, and BOJ will announce their decisions.
«Interest-sensitive sectors including banking will remain in focus. Overall, we expect the market to continue its gradual uptick, however, volatility cannot be ruled out ahead of key events,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a negative start.
Nifty futures on the Gift Nifty traded 76 pts lower at 24,876.
Tech View
The near-term uptrend status of Nifty remains intact. The market could probably show some more choppy movement or minor dip in the next 1-2 sessions before surging higher in the near term. Immediate support is at 24600 levels. Overhead resistance to be watched around 25000-25100 levels, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, rose 5.1% to settle at 12.94 levels.
Global Markets
- S&P 500 futures fell 0.2% as of 9:12 a.m. Tokyo time
- Hang Seng futures fell 0.2%
- Japan’s Topix fell 0.5%
- Australia’s S&P/ASX 200 fell 1.2%
- Euro Stoxx 50 futures fell 1%
Forex News
The dollar held steady on Monday as traders braced for an avalanche of market events featuring midweek policy decisions by the Federal Reserve, Bank of Japan and Bank of England, and what could be a pivotal U.S. employment report for the Fed on Friday.
The yen was little changed following the Japanese currency's strongest weekly rally
