Gift Nifty: GIFT Nifty signals a positive start for D-Street. Here are the trading setups for today’s session:
“We are also taking cues from positive global market trends, with the US moving steadily towards the November presidential election. Volatility has declined over the month, contributing to the near-term trend,” said Siddhartha Khemka, head of retail research. , Motilal Oswal.
Below is a breakdown of the pre-market action.
Market Status
Gifts Nifty (formerly SGX Nifty) is off to a positive start.
Gift Nifty’s Nifty futures were trading 72 points higher at 23,663.
tech view
Nagaraj Shetti of HDFC said that after holding above the hurdle of 23,515 level (1.382% Fibonacci extension), Nifty can be expected to move towards the next resistance of 1.786% Fib extension from 23950 level in the near term, with immediate support placed at 23450. stock.
India VIX
India’s VIX, which indicates market fear, rose 1.68% and settled at 13.04.
Global Market Lab
- S&P 500 futures were little changed as of 9:16 a.m. Tokyo time.
- Hang Seng futures rise 0.8%
- Japanese Topix rose 0.5%
- Australia’s S&P/ASX 200 index rose 0.1%.
- Euro STOXX 50 futures rise 0.2%
dollar fall
The dollar fell on Wednesday due to sluggish U.S. retail sales indicators amid rising expectations of an interest rate cut by the U.S. Federal Reserve. Meanwhile, the pound fell slightly in anticipation of UK inflation figures due to be released later today.
A recent report showed that U.S. retail sales showed a slight increase in May, with data from the previous month revised significantly downward, indicating weak economic performance in the second quarter.
oil rise
Oil prices rose Wednesday morning on concerns about deepening conflict between Europe and the Middle East, outweighing demand concerns about rising U.S. crude inventories.
Brent crude futures for August delivery rose slightly by 6 cents, reaching $85.39 a barrel by 0016 GMT. Meanwhile, the price of U.S. West Texas Intermediate crude oil rose 10 cents to $81.67 per barrel in June.
Stocks banned from F&O today
1) Balrampur Chinni Mills
2) sailing
3) Indian Cement
4) GMR infrastructure
5) Hindustani Copper
6) Sun TV
7) GNFC
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 turned net buyers at Rs 2,569 crore on Tuesday. Meanwhile, domestic institutional investors bought shares worth Rs 1557 crore.
rupee
The rupee appreciated by 13 paise against the US dollar on Tuesday to trade at 83.42, helped by fresh foreign capital inflows and firm trends in the domestic stock market.
have a date
The net shortfall of FIIs decreased from Rs 24,415 crore on Friday to Rs 12,852 crore on Monday.
