

GIFT Nifty up 85 points; here's the trading setup for today's session
«We expect the earning season to pick up pace in a truncated week which would direct the market trend along with global cues,» said Siddhartha Khemka, Head — Retail Research, 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 83.5 points, or 0.43 per cent, at 19510, signaling that Dalal Street was headed for positive start on Monday.
- Tech View: The short term trend of Nifty remains negative. A slide below the immediate support of 19480 could drag Nifty towards another important support of 19350 levels in the near term. Immediate resistance is placed around 19650 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.73% to settle at 10.82 levels.
US stocks down
U.S. stocks ended sharply lower for the day and week on Friday as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.
- Dow down 0.9%,
- S&P 500 dips 1.3%,
- Nasdaq falls 1.5%
Asian shares down
Asian shares drifted lower on Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.
Oil eases
Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region.
Yen up
Japan's yen took the spotlight in Asia on Monday, circling near the 150-per-dollar level in a tug of war between investors