GIFT Nifty up 55 points; here's the trading setup for today's session
«We expect the truncated week to remain sideways amid a mixed Q2 season, monthly FNO expiry and continued selling by FIIs. Key results to watch out for tomorrow will be Maruti Suzuki, Adani Enterprise, Adani Ports, and Cipla amongst others,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.
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 55 points, or 0.23 per cent, at 24,387, signaling that Dalal Street was headed for positive start on Tuesday.
- Tech View: Nifty could now rise to face resistance at 24,567, while the 24,073-24,135 band could offer support in the near term. Sustenance of this upmove over the next few days will be crucial to lead to the return of buying interest from all classes of investors, said Deepak Jasani of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.3% to settle at 14.29 levels.
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