Gift Nifty up 60 points; here's the trading setup for today's session
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Domestic markets continued on their recovery path, aided by a moderation in India’s CPI inflation and favourable signals from its Asian peers. "Volatility and range-bound trading are likely to persist in the near term, given the ongoing uncertainty surrounding the low turnout," said Vinod Nair, Head of Research, Geojit Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty signals a positive start Nifty futures on the Gift Nifty traded 62 points or 0.28% higher at 22,370.50 around 7.20 am, signalling a positive start for Dalal Street. Tech View: On the higher side, the immediate resistance zone for Nifty is at 22,200-250 levels and the next resistance is at 22,500 Mark. Overall, Nifty is likely to remain volatile within the 21,800 – 22,300 range in the near term,” said Tejas Shah of JM Financial & BlinkX. India VIX: India VIX, which is a measure of the fear in the markets, fell 1...