


Pre-market action: Here's the trade setup for today's session
«The broader market could remain under pressure given the profit booking and adverse advance-decline ratio. Hence we suggest traders be very selective in mid/small caps,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: Any dips from here could be a buying opportunity towards the support of 22,225-22200 levels. The near-term upside targets to be watched around 22600-22800 levels, Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.5% to settle at 14.92 levels.
FII/DII action
Foreign portfolio investors were net sellers at Rs 564 crore on Monday. DIIs, meanwhile, bought shares worth Rs 3,543 crore.
Rupee
The rupee rose 1 paisa to settle at 82.90 against the US dollar on Monday, tracking a weak American currency overseas and positive equity market sentiment.
FII data
The net short of FIIs reduced from Rs 61,332 crore on Saturday to Rs 50,047 crore on Monday.
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Read on economictimes.indiatimes.com