GIFT Nifty up 5 points; here's what changed for market while you were sleeping
«We expect the uptrend in Indian equities to continue in the near term. Next week the market will take cues from economic data to be released locally as well as globally.,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Option data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19100 to 19500 zones, Taparia said. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty (Earlier SGX Nifty) on the NSE IX traded 2 points, or 0.01 per cent, higher at 19,441, signaling that Dalal Street was headed for muted start on Tuesday.
Tech View: There is no indication of any reversal building up at the higher levels. The crucial overhead resistance comes around 19500 and next 19800 levels, which are 1.236% and 1.382% Fibonacci projections, taken from the bottom-top-bottom swings as per weekly time frame chart. Immediate support is at 19200 levels. India VIX: India VIX, which is a measure of the fear in the markets, rose 6.85% to settle at 11.54 levels.US stocks end slightly higherWall Street's main indexes ended with slim gains in a holiday-shortened session on Monday, helped by a surge in Tesla and strength in bank shares as the second half of the year kicked off on a subdued note.
Dow up 0.03%, S&P 500 rises 0.12%, Nasdaq gains 0.21%Asian stocks under pressureAsian stocks were under pressure Tuesday after equities on Wall Street scratched out marginal gains ahead of the Independence Day holiday.Oil steadyOil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at
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