GIFT Nifty down 40 points; here's the trading setup for today's session
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Equity benchmark indices climbed in a special trading session on Saturday, extending their rally to the third day running, amid fresh foreign fund inflows. "Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," 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 negative start GIFT Nifty on the NSE IX traded lower by 40 points, or 0.18 per cent, at 22,608, signaling that Dalal Street was headed for negative start on Tuesday. Tech View: Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securi...