Pre-market action: Here's the trade setup for today's session

economictimes.indiatimes.com:

Equity markets steadily inched upwards to make fresh highs on Tuesday as buying was seen in banking and financial stocks.

«We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS

• Tech View: The short-term trend of Nifty remains positive. The market is now showing early signs of upside breakout in the near term. The next upside levels to be watched are around 24000. Immediate support is placed at 23550, said Nagaraj Shetti of HDFC Securities.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 1.8% to settle at 14.31 levels.

Stocks in F&O ban today

1) SAIL

2) PNB

3) GNFC

4) Indus Tower

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 turn net buyers at Rs 1,175 crore on Tuesday. DIIs, meanwhile, sold shares worth Rs 149 crore.

Rupee
The rupee gained 4 paise against the US dollar on Tuesday, tracking a firm trend in domestic equities amid stable global crude oil prices

FII data
The net long of FIIs increased from Rs 1.01 lakh crore on Monday to Rs 1.4 lakh crore on Tuesday.