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: «The RSI indicator showed bearish momentum with a weak crossover, indicating sluggish movement. In the short term, the index may stay under pressure or struggle to rise to higher levels. Support is at 23,700/23,600, while resistance is seen at 23,850,» said Rupak De of LKP Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6.51% to settle at 14.04 levels.
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