GIFT Nifty up 50 points; here's the trading setup for today's session
«Also, PM Modi’s two-day US visit starting Wednesday comes at a crucial moment. As he meets Trump to discuss trade, markets anticipate a breakthrough that could ease tariff tensions and restore confidence,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 52.5 points, or 0.23 per cent, at 23,180, signaling that Dalal Street was headed for positive start on Wednesday.
- Tech View: The larger degree bearish pattern like lower tops and bottoms is visible on the daily chart and the Nifty is now sliding down to form a new lower bottom below the swing low of January at 22,786 levels. However, any upside bounce from here could find strong resistance around 23,200 levels, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 3% to settle at 14.87 levels.
US stocks close mixed
Wall Street's main indexes were mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments.
- S&P 500 -0.01%,
- Nasdaq -0.21%,
- Dow +0.08%
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