GIFT Nifty rises 120 points; here's the trading setup for today's session
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Equity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets. "We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 124 points, or 0.56 per cent, at 22,383.50, signaling that Dalal Street was headed for positive start on Thursday. Tech View: A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term. Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC...