Pre-market action: Here's the trade setup for today's session
Going forward, investors will closely track the pre-quarterly business updates to be released over the next few days for insights into the upcoming result season. Analysts expect the gradual uptick to continue in the market over the next few days, alongside a close watch on Q3 earnings and the global cues as foreign markets reopen after year-end holidays.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: The short-term trend of Nifty remains strong on the upside and one may expect Nifty to move towards the next hurdle of 24,400 levels. Any dips from here could find support around 23,900, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 5.13% to settle at 13.74 levels.
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