Vodafone-Idea, Patanjali Foods, CMS Info Systems, ZEEL, Hindustan Zinc, are some stocks likely to be in focus in today's trading session.Sensex Today Live : The trends on Gift Nifty indicate a flat to positive start for the Indian benchmark index. The Gift Nifty was trading around 22,235 level as compared to the Nifty futures’ previous close of 22,196.On Tuesday, the Indian stock market indices rebounded from a two-day correction and ended higher.The Sensex gained 305.09 points to close at 73,095.22, while the Nifty 50 settled 76.30 points, or 0.34%, higher at 22,198.35.Nifty 50 formed a reasonable positive candle on the daily chart that has engulfed the small negative candle of Monday.“Technically, this market action is signaling a bullish engulfing pattern.
But, the placement of the pattern is not convincing to call this as an important bullish reversal pattern. The near-term uptrend status of Nifty remains positive and bullish chart pattern like higher tops and bottoms are also intact.
At the same time, the market is not gaining strength to witness an upside breakout of 22,200 - 22,300 levels decisively," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. (Read the full story here.)Sensex Today Live : The domestic equity indices are expected to open on a steady note amid mixed global market cues.The Asian markets traded flat while the US stock market ended mixed overnight ahead of the key economic data that could shed light on the possible timing of a US Federal Reserve interest rate cut.Expectations for a cut of at least 25 basis points (bps) by the Fed at its June meeting stand at 59.1%, down from the near certainty at the end of January, according to the CME Group's FedWatch tool.Investors
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