Today is great: GIFT Nifty is down 10 points. Here are the trading setups for today’s session:
Market Status
GIFT Nifty (formerly SGX Nifty) signals muted start.
GIFT Nifty on NSE IX was trading 12 points or 0.05 per cent lower at 26,177, indicating that Dalal Street is heading for a quiet start on Friday.
- Technical view: In terms of key levels, the sub-area of 26000-25950 is expected to provide support for a potential downside, while the important support level marked by a bullish candle is around 25850. Conversely, intermediate resistance is identified around 26200, followed by a stronger barrier at 26325.
- India VIX: India’s VIX, which indicates market fear, was trading at 10.82, down 3.5%.
US stocks are flat
U.S. stocks closed near flat on Thursday as investors weighed reports on the labor market and other economic data, supported by high expectations of a Federal Reserve interest rate cut next week.
- Dow down 0.07%;
- S&P rose 0.11%;
- NASDAQ rose 0.22%
Asian stock markets fall
Asian stocks fell in early trading after a lackluster session on Wall Street that weighed on technology stocks and bonds, with focus focused on the release of key U.S. inflation data later on Friday.
- S&P 500 futures were little changed as of 9:37 a.m. Tokyo time.
- Hang Seng futures fell 0.2%
- Japan Topix fell 1.1%
- Australia’s S&P/ASX 200 index was little changed
- Euro Stoxx 50 futures were little changed.
dollar slip
The U.S. dollar was near five-week lows against major currencies on Friday as investors braced for a Federal Reserve interest rate cut next week. Markets will focus on signals from the policy-making Federal Open Market Committee, which expects a quarter-point cut when it meets on December 9-10, and how much further easing is likely to come.
Oil barely changed
WTI oil prices are expected to rise nearly 2% for the week in Friday morning trading, thanks to the Federal Reserve’s expected interest rate cut, heightened tensions between the United States and Venezuela, and the suspension of peace talks in Moscow.
gold steady
Gold prices were steady on Friday as rising U.S. Treasury yields offset support from a weaker dollar, while markets awaited U.S. inflation data later in the day for clues about the Federal Reserve’s policy outlook ahead of its meeting next week.
Stocks banned from F&O today
Samman Capital
Bandhan Bank
Securities in the F&O sector embargo period include companies whose securities exceed 95% of market-wide position limits.
FII/DII measures
Foreign portfolio investors were net sellers of stocks worth Rs 1,944 crore on Thursday. Meanwhile, DII was a net buyer worth Rs 3,661 crore.
rupee
The Indian rupee closed above 90 per dollar after hitting a record low on Thursday, as inflows led to selling of dollars by several foreign banks, helping the Indian currency post a sixth consecutive session of deficit.
