GIFT Nifty up 30 points; here's what changed for market while you were sleeping
«With Q1 result season starting this week, we expect stock-specific action in the market, starting with the technology sector. Also, monsoon-related stocks are likely to remain in momentum,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19200 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 29 points, or 0.15 per cent, higher at 19,485.50, signaling that Dalal Street was headed for positive start on Tuesday.
Tech View: Bulls managed to defend the support level of 19300, preventing a significant decline. However, the hourly RSI indicated a bearish crossover. This suggests a potential shift towards a downward trend. If the support level of 19300 is breached, a correction in the market may be expected. On the upside, resistance levels are anticipated around 19450-19500. India VIX: India VIX, which is a measure of the fear in the markets, fell 0.61% to settle at 11.46 levels.US stocks riseU.S. stocks ended higher on Monday following last week's losses, while Federal Reserve officials' comments bolstered the view that the U.S. central bank may be near the end of its tightening cycle.
Dow ends up 0.62%, S&P 500 rise 0.24%, Nasdaq gains 0.18%Asian shares gainAsian equities rose following gains on Wall Street and after China stepped up support for its struggling property market.
S&P 500 futures were little changed as of 9:07 a.m. Tokyo time. The S&P 500 rose 0.2% Nasdaq 100 futures were little changed. The Nasdaq 100 rose less than 0.1% Japan’s Topix Read more on economictimes.indiatimes.com
