


Pre-market action: Here's the trade setup for today's session
Equity markets witnessed a volatile session on Tuesday to finally end with losses. The broader market witnessed sharper profit booking, indicating heightened volatility.
«Nifty has been consolidating in a broad range for the third consecutive day as investors remain watchful ahead of the big election outcome next week. We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: It will be important that the Nifty holds above the previous swing highs of 22795 for the uptrend to continue. Markets are likely to be volatile in the coming sessions as we approach the election result announcements,” said Subash Gangadharan of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 4.32% to settle at 24.20 levels.
Stocks in F&O ban today
1) ABFRL
2) Biocon
3) Hindustan Copper
4) Vodafone Idea
5) PEL
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit
FII/DII action
Foreign portfolio investors were net buyers at Rs 65.57 crore on Tuesday. DIIs, meanwhile, bought shares worth Rs 3,231.67 crore.
Rupee
The rupee pared initial gains and settled for the day 5 paise lower at 83.18 against the US dollar on Tuesday, amid a negative trend in domestic