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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
GIFT Nifty up 40 points; here's the trading setup for today's session
While Markets could start on a volatile note on Friday morning, analysts expect the uptrend to continue.
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 39.50 points, or 0.16 per cent, at 24,804.50, signaling that Dalal Street was headed for positive start on Friday.
- Tech View: In the short term, the trend is likely to remain positive as long as it stays above 24,300. Traders may adopt a buy-on-dips strategy in the current market. On the higher side, the index could move towards 25,000 in the near term.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.54% to settle at 14.53 levels.
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