

GIFT Nifty up 20 points; here's the trading setup for today's session
earnings, global trends and foreign flows will drive the market momentum.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 20 points, or 0.10 per cent, at 19,447, signaling that Dalal Street was headed for positive start on Monday.
- Tech View: From a technical standpoint, the weekly chart displays a Bullish Inside Candle formation, with the weekly RSI at 51. On the daily chart, the 50-day moving average acts as a formidable resistance at 19450 for the Nifty 50.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.74% to settle at 10.88 levels.
US stocks rise
Wall Street's main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing U.S. jobs growth and an uptick in unemployment, boosting hopes that the Federal Reserve is done with its interest rate hiking campaign.
- Dow up 0.66%,
- S&P gains 0.94%,
- Nasdaq rises 1.38%
Asian shares gain
Shares in Asia advanced following Friday’s rally in US stocks and bonds as investors gave further credence to the idea interest rates are near the cycle peak.
- S&P 500 futures were little changed as of 9:30 a.m. Tokyo time. The S&P 500 rose 0.9% Friday
- Nasdaq 100 futures were little changed. The Nasdaq 100 rose 1.2% Friday
- Hang Seng futures rose 1.2%
- Japan’s Topix rose 1.4%
- Australia’s S&P/ASX 200 rose 0.3%
- Euro Stoxx 50 futures rose 0.2%
Oil prices up
Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil.
Dollar