GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
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Domestic markets closed positively with gains in various sectors like auto, pharma, and PSU banks. The Nifty trend remains positive with immediate support at 24250 levels. Global markets show mixed movements. Dollar strengthens, oil prices rise, and FII/DII data indicates net buying. Rupee slightly gains against the US dollar. The underlying trend of Nifty continues to be positive. Immediate support is at 24250 levels. S&P 500 futures were little changed. Japan’s Topix was little changed. Australia’s S&P/ASX 200 fell 0.5%. Euro Stoxx 50 futures rose 0.3%. The dollar strengthened after recovering from a three-week low. Oil prices bounced back after a three-day decline. Stocks in F&O ban today: India Cements, IEX, ABFRL, Bandhan Bank, PEL, GNFC, Chambal Fertilisers, Indus Tower, Balrampur Chini Mills. FPIs turned net buyers at Rs 314 crore on Tuesday. DIIs bought shares worth Rs 1,416 crore. The rupee inched up one paisa to close at 83.49 against the US dollar on Tuesday. The net long of FIIs increased from Rs 3.77 lakh crore on Monday to Rs 3.85 lakh crore on Tuesday.
#StockMarket #Trading #Nifty #GlobalMarkets #OilPrices #Fii #Dii #Rupee #Fiis
https://m.economictimes.com/markets/stocks/news/gift-nifty-signals-a-muted-start-for-d-street-heres-the-trading-setup-for-todays-session/articleshow/111619818.cms
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