Pre-market action: Here's the trade setup for today's session
«Overall we expect positive momentum to continue and markets to end the year on a buoyant note,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: A decisive move above 21850 levels is expected to nullify the present bearish effect and that could open more upside for the near term. Immediate support is placed at 21550 levels, Nagaraj Shetti of HDFC Securities said.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.22% to settle at 14.68 levels.
Stocks in F&O ban today
1) Hindustan Copper
2) Balrampur Chini Mills
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 were net sellers at Rs 855 crore on Monday. DIIs bought shares worth Rs 410 crore.
Rupee
The rupee started the new year on a weak note, depreciating by 5 paise to 83.21 against the US dollar amid a muted trend in domestic equities and dollar demand from importers.
FII data
The net long of FIIs reduced from Rs 84,089 crore on Friday to Rs 81,357 crore on Monday.
