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[hfe_template id='11223'] [ad_1] Indian equities extended losses on Friday in a volatile trading session as escalating geopolitical tensions in West Asia kept investor risk appetite subdued. Going ahead, developments in West Asia and their implications for global energy supply will remain key monitorables for markets, alongside movements in crude prices and broader global risk sentiment. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a gap-down start GIFT Nifty on the NSE IX traded lower by 728 points, or 2.96 per cent, at 23,846, signaling that Dalal Street was headed for a gap-down start on Monday. Tech View: In the short term, the index may continue to decline, with the potential to move towards 24,000 or lower. On the higher side, resistance is placed at 25,000; until this level is crossed decisively, the trend is likely to favor a sell-on-rise strategy. India VIX: India VIX, which is a measure of the fear in the markets, rose 11.3% to settle at 19.88 l...

[hfe_template id='11223'] [ad_1] Indian equities began the New Year on a strong note, gaining around 1% and decisively breaking out of a five-week consolidation phase. The coming week is expected to be data-heavy, both domestically and globally, as markets enter the early phase of the earnings season. In India, investors will track the final readings of the HSBC Services PMI and Composite PMI, followed by FY GDP growth data. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 68 points, or 0.26 per cent, at 26,536, signaling that Dalal Street was headed for a positive start on Monday. Tech View: The trend is expected to remain firm in the near to short term, with a buy-on-dips approach favoring the bulls as long as the index sustains above 26,000. On the upside, a decisive move above 26,350 could open the door for an advance towards 26,600 in the short term. India VIX: India VIX, which is a measure of t...