Great Trades of the Day: Pre-Market Action: Here are the trade setups for today’s session:

The stock market made a smart recovery late in the day and closed with significant gains on Thursday. Domestic stocks rebounded due to positive global signals and short term trading on Nifty Weekly Expiry.

Siddhartha Khemka, head of retail research at Motilal, said, “Overall, we expect the market to see a gradual recovery. However, continued FII selling, India VIX still above 20 levels and concerns over the ongoing general election polls and its outcome will likely lead to volatility. “It could go higher,” he said. Oswal Financial

Below is a breakdown of the pre-market action.

Market Status

• Technical view: On the higher side, Nifty may move towards 22,600 in the near term. Lower support remains at 22,250 and sentiment is expected to remain bullish as long as it remains above this level.
• India VIX: India’s VIX, which indicates market fear, fell 1.4% and settled at the 20 level.

FII/DII measures
Foreign portfolio investors were net sellers worth Rs 776 crore on Thursday. Meanwhile, DII purchased shares worth Rs 2,128 crore.rupee
The rupee remained range bound and closed four paise lower at 83.50 against the US dollar on Thursday due to continued foreign fund outflows due to weak appetite among investors for risky assets.have a date
The net shortfall of FIIs increased from Rs 2.45 billion on Wednesday to Rs 2.59 billion on Thursday.

4th quarter results
ZEEL, JSW Steel, Godrej Industries, Glaxo, Sobha and others are expected to announce their fourth quarter results on Friday.