Pre-market action: Here's the trade setup for today's session
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: On the upside, the short-term target is placed at 25125 while crucial support is placed at 24,550 – 24,500. Dips towards the support zone should be considered as a buying opportunity.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 7.55% to settle at 14.04 levels.
US stocks fall
U.S. stocks retreated on Tuesday and the Dow dropped for a ninth straight session, as investors exercised caution ahead of the Federal Reserve's last policy announcement of the year after economic data indicated consumer spending remained solid.
- Dow down 0.61%,
- S&P 500 dips 0.39%,
- Nasdaq falls 0.32%
Asian stocks mixed
Asian shares struggled for direction after Wall Street edged lower, with all eyes on the Federal Reserve’s final policy decision of the year.
- S&P 500 futures were little changed as of 8:56 a.m. Tokyo time
- Hang Seng futures rose 0.6%
- Australia’s S&P/ASX 200 rose 0.1%
- Nasdaq 100 futures fell 0.2%
Gold firm
Gold prices firmed on Wednesday as investors held back from taking big positions ahead of the Federal Reserve's upcoming monetary policy decision.
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