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Showing posts with the label Pre-market

GIFT Nifty down 160 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Indian equities made solid gains on Monday, with the Nifty soaring by a record 917 points to close at 24,925 – a seven month high. Looking ahead, market participants will closely track the release of key inflation data—India’s CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch quarterly results from major companies including Bharti Airtel, Tata Motors, among others which could drive sector-specific momentum. Analysts say positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 160 points, or 0.64 per cent, at 24,915, signaling that Dalal Street was headed for negative start on Tuesday. Live Events Tech View: Nifty continues to sustain above a crucial moving average. Going forwar...

GIFT Nifty up 35 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Domestic markets extended their consolidation for the second consecutive session on Wednesday with Nifty closing flat at 24,334. Analysts expect the market to trade in a range-bound manner with stock/sector specific action, driven by Q4 earnings announcements. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 35 points, or 0.14 per cent, at 24,429.50, signaling that Dalal Street was headed for positive start on Friday. Tech View: On the downside, immediate intraday support lies at 24,200, followed by a strong support zone between 24000 and 23800. This region aligns with the 200-day SMA and the previous monthly swing high breakout level. On the upside, 24550, which marks the 61.8% retracement of the recent decline from the all-time high, acts as a key resistance. A decisive move above this level could trigger a fresh uptrend toward the December swing high near 24800. Indi...

GIFT Nifty down 100 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty jumped more than 2% on Tuesday due to positive global market cues after US President Trump announced a temporary tariff relief on phones, computers and popular consumer electronics. Focus will be on the key Q4 earnings including Wipro. Analysts expect positive momentum to continue in the market, on hopes of global trade settlements and softening in US reciprocal tariffs. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 101.50 points, or 0.43 per cent, at 23,283, signaling that Dalal Street was headed for negative start on Wednesday. Tech View: Support is placed at 23,300; a decisive break below this level could trigger a correction towards 23,000. Resistance is placed at 23,370 and 23,650. India VIX: India VIX, which is a measure of the fear in the markets, fell nearly 20% to settle at 16.12 levels. US stocks end lower US stocks ended s...

GIFT Nifty down 830 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] After a week-long consolidation phase, Indian equity markets saw a sharp downturn, with benchmark indices slipping over 2.5%, dragged primarily by weak global cues and renewed concerns over a trade war. This week is packed with key domestic and global triggers. With tariff-related tensions escalating, global investors will closely track any further developments on that front. Back home, the MPC meeting outcome on April 9 will be a major focus, followed by key macroeconomic indicators—IIP and CPI data—due on April 11. Adding to the action, the Q4 earnings season kicks off with IT giant TCS set to announce its results on April 10. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a gap-down start GIFT Nifty on the NSE IX traded lower by 830.50 points, or 3.62 per cent, at 22,130.50, signaling that Dalal Street was headed for gap-down start on Monday. Tech View: Sentiment remains weak, and a further decline from the current level ...

Pre-market action: Here's the trade setup for today's session

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[hfe_template id='11223'] [ad_1] Indian markets managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. Analysts expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from the US market. STATE OF THE MARKETS Tech View: Immediate support is placed at 23,600, and a decisive drop below this level could drive the index toward 23,300. On the upside, resistance is at 23,800, and a breakout above this level may resume the rally. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.7% to settle at 13.79 levels. Stocks in F&O ban today 1) Manappuram 2) Hindustan Copper Live Events 3) Polycab4) IndusInd Bank5) SAIL 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 invest...

GIFT Nifty up 150 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Continuing uncertainties surrounding global trade and the fear of a U.S. recession may continue to influence the domestic market's momentum. However, analysts said moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings in the coming quarters, may limit the volatility. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 148.50 points, or 0.66 per cent, at 22,567, signaling that Dalal Street was headed for positive start on Monday. Tech View: The RSI is also trading below its 14-day SMA at 38, indicating weak momentum. Immediate support is at 22,300, and a breach below this level could trigger further selling towards 22,000. On the upside, 22,630 is a crucial resistance level, and a breakout above it may lead to an upmove toward 22,8...

GIFT Nifty down 25 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] After three consecutive weeks of losses, markets made a strong comeback, closing the last week with gains of nearly 2%. The recovery was driven by favourable global and domestic cues, instilling confidence among investors. The current trading week will be a holiday-shortened one, with market participants closely monitoring global developments in the absence of major domestic events. Key factors to watch include fresh updates on tariff negotiations, geopolitical tensions, and their impact on the movement of the US dollar and crude oil prices. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 25 points, or 0.11 per cent, at 22,603, signaling that Dalal Street was headed for muted start on Monday. Tech View: "The sentiment remains positive, with the potential to reach higher levels in the short term. On the higher end, immediate resistance is seen at 22,700–22,750. On the...

GIFT Nifty down 20 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Indian equities closed in the red for the tenth consecutive trading session as the market was impacted by weak global sentiments. The US officially implemented a 25% tariff on imports from Canada and Mexico, while Chinese goods face a cumulative 20% duty following an additional 10% levy imposed by President Trump. Given weak global cues and lack of domestic triggers, analysts said Indian equities are expected to remain largely subdued, though a continued buying interest in the broader market could provide some support to the market. flat on Monday as concerns over continued FII selling, the imposition of tariffs by the US, ongoing geopolitical tensions between Russia and Ukraine continue to impact domestic market sentiments. Analysts expect the market to remain flat to negative on account of mixed global cues and lack of domestic triggers. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX t...

GIFT Nifty down 40 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Domestic markets ended marginally lower in a volatile trade on the weekly expiry day. On the macro front, preliminary release of February-month manufacturing and services PMI of US and India today, will be the key data to watch out for. Analysts expect Nifty to consolidate near its current levels in the absence of any fresh triggers, as it can be seen holding above 22,800-22,900 levels since the past seven trading sessions supported by buying at lower levels. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 37.50 points, or 0.16 per cent, at 22,870.50, signaling that Dalal Street was headed for positive start on Friday. Tech View: "On the lower end, support is placed at 22,800 for Nifty, while resistance is at 23,150. A decisive breakout on either side might trigger a directional move in the market." India VIX: India VIX, which is a measure of the fear in the ...

Nifty today: GIFT Nifty down 180 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] The elongated trading week, which concluded on the Budget day, brought significant developments as the markets showed a bullish trend, a reversal from the recent weeks. Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the actual reaction is likely to be witnessed in a day or two to understand whether the market has really discounted the Budget factor or not. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a gap-down start GIFT Nifty on the NSE IX traded lower by 181 points, or 0.77 per cent, at 23,386.50, signaling that Dalal Street was headed for gap-down start on Monday. Tech View: The underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediat...

Nifty today: GIFT Nifty up 40 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Benchmark indices eked out marginal gains on the weekly expiry day as the recovery in IT majors drove Nifty's rebound. However, analysts recommend not reading too much into this bounce and sticking with a "sell on rise" strategy for the index. "At the same time, stock-specific opportunities remain plentiful across sectors, so participants should focus on maintaining balanced positions on both sides," said Ajit Mishra – SVP, Research, Religare Broking. 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 39.50 points, or 0.17 per cent, at 23,297, signaling that Dalal Street was headed for positive start on Monday. Tech View: On the upside, immediate resistance is observed at 23,300, followed by a critical hurdle near 23,500. A sustained close above these resistance levels is crucial to negate the preva...

GIFT Nifty down 60 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Benchmark indices continued to trade in the positive on Thursday, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Fed. On Friday, markets will react to the earnings reports of major index constituents such as Reliance, Infosys, and Axis Bank in early trades. "While recent index movements have lacked clear direction, the resilience of the banking sector, which carries significant weight, is a positive sign. Amid these mixed signals, participants should prioritize selective stock picking and robust risk management strategies," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 59.5 points, or 0.25 per cent, at 23,319.50, signaling that Dalal Street was headed for negative start on Friday. Tec...

GIFT Nifty down 100 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. Looking ahead, market participants will closely monitor the Manufacturing and services PMI. However, the key focus will be on the US Fed meeting, where a 25 basis point rate cut is already factored in. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 98 points, or 0.39 per cent, at 24,780.50, signaling that Dalal Street was headed for negative start on Monday. Tech View: Going forward, the trend is likely to remain strong, with the potential to reach 25,000 and higher in the short term. On the lower end, support is placed at 24,550. India VIX: India VIX, which is a measure of the fear in the markets, fell 1.04% to settle at 13.05 levels. US stocks flat U.S. stocks closed out the trading week nea...

GIFT Nifty down 35 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Domestic markets experienced a sharp recovery, reclaiming most of the preceding day’s losses amid uncertainty surrounding the likely downgrade in Q2 GDP forecast and closely contested US presidential election. "The bulls are working to defend the 24,000 level in the Nifty amid ongoing choppiness, and a strong rally in banking majors has raised hopes for further recovery. However, upside potential appears limited, with a significant resistance zone around 24,400-24,500. Much will depend on global cues, with all eyes on the US presidential election. Traders are advised to maintain a hedged approach and keep position sizes in check until we see some stability," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 34.5 points, or 0.14 per cent, at 24,235, signaling that...

GIFT Nifty down 70 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Equity markets traded sideways throughout the session to close with losses as FIIs continue their selling streak. "Markets are facing pressure and tend to remain volatile amid uncertainty around US presidential elections slated to be held on November 5th. The second leg of Q2 results will resume in the next week post-Diwali. Market seems to have taken support at lower levels and is likely to consolidate over the next few days," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 68.50 points, or 0.28 per cent, at 24,305, signaling that Dalal Street was headed for negative start on Thursday. Tech View: If the index sustains above 24,500, it may extend gains to the 24,600–24,700 range, with 24,070 acting as key support. As long as it holds abo...

GIFT Nifty down 10 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains "After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound amid uncertainty with regard to US elections to be held next week. However we could continue to see sector and stock specific action as more companies announce their quarterly earnings," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,439, signaling that Dalal Street was headed for muted start on Wednesday. Tech View: Nifty could take support from the above band while on upmoves it can face resi...

GIFT Nifty down 5 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

Pre-market action: Here's the trade setup for today's session

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[hfe_template id='11223'] [ad_1] Domestic markets succumbed to weak global cues as plunged over 2%, fueled by escalating tensions in the Middle East and sharp rise in crude oil prices. "Geopolitical uncertainty and concerns over a potential decline in foreign inflows have spooked the markets. With Nifty breaching multiple supports—such as the 20-day exponential moving average (DEMA) around the 25,580 level and trendline support near 25,350 — the market could face further downside," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions: STATE OF THE MARKETS Tech View: Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking. India VIX: India VIX,...

GIFT Nifty: GIFT Nifty down 160 points; here's the trading setup for today's session

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[hfe_template id='11223'] [ad_1] Equity markets extended their losses for the fourth straight day on Tuesday as the Budget hangover dampened investors sentiments. "The recovery noticed from today's low will be evident only post the monthly expiry on Thursday. At the same time, the ongoing Q1 results, which till date is muted, will decide the near-term trend," said Vinod Nair, Head of Research, Geojit Financial Services "While the overall sentiment remains positive without signs of weakness, the market appears overbought by various measures. Therefore, we advise against aggressive long positions," said Rajesh Bhosale, Equity Technical Analyst, Angel One. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 164 points, or 0.67 per cent, at 24,250, signaling that Dalal Street was headed for negative start on Thursday. Tech View: The immed...