

Pre-market action: Here's the trade setup for today's session
equities witnessed a second day of consolidation on Tuesday amid positive global cues.
«The overall market sentiments remain buoyant on the back of continued FIIs buying and strong macro data. Going ahead, the positive momentum is likely to continue largely driven by liquidity and vibrant mood ahead of Christmas and new year.,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: On the upper side, Nifty is likely to encounter resistance from call writers at 21500. A definitive breakthrough above 21500 could potentially initiate a substantial market rally; until then, consolidation appears probable, said Rupak De of LKP Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.23% to settle at 13.87 levels.
US stocks up
Wall Street extended its rally on Tuesday, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.
- Dow up 0.68%,
- S&P rises 0.59%,
- Nasdaq gains 0.66%
Asian stocks gain
Stocks in Asia are poised to jump after Wall Street extended its rally on Tuesday, with traders shrugging off warnings from policymakers trying to rein in expectations for Federal Reserve rate cuts.
- S&P 500 futures were little changed as of 8:20 a.m. Tokyo time. The S&P 500 rose 0.6%
- Nasdaq 100 futures were little changed. The Nasdaq 100 rose 0.5%
- Nikkei 225 futures rose 0.6%
- Hang Seng futures rose 1%
- Australia’s S&P/ASX 200 rose 0.6%
Stocks in F&O ban today
1) Delta Corp
2) SAIL
3) PEL
4) RBL Bank
5) Manappuram
6) Balrampur Chini Mills
7) ZEE
8) Indus Tower
9) IRCTC
10) Nalco
Securities in the ban
