GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
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Domestic markets started the week on a positive note despite a flat start clocked gains, continuing their upward trajectory from the previous week. "We anticipate this trend will persist in the near term due to expectations of a rebound in discretionary spending. Investors are now focusing on upcoming US job data and the Fed Chair's speech for further indication on interest rates," said Vinod Nair, Head of Research, Geojit Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive start. Nifty futures on the Gift Nifty traded 40 pts higher at 24,245. Tech View Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24400 levels in the near term. Immediate support is placed at 23980 levels, said Nagaraj Shetti of HDFC Securities. India VI...