Nifty Today: GIFT Nifty Down 20 Points; Here’s the Trading Setup for Today’s Session
As the markets open, it’s time to take stock of the current situation and make informed decisions. Let’s dive into the details:
State of the Markets
As we begin to trade on this Thursday, the GIFT Nifty (NSE IX) has already taken a hit, down 20 points or 0.10% from yesterday’s close. This signals a potentially subdued session ahead. Will the market rebound or continue its decline? Only time will tell.
Tech View: Critical Support Levels Ahead
The 22,500-22,400 zone is crucial for the Nifty50 index in the near future. A failure to hold these levels could result in further declines, while a successful bounce from here could signal a rebound. Will the team of experts at Motilal Oswal’s Wealth Management get it right? Only time will tell.
India VIX: Fear Lingers
The India VIX, a measure of market volatility, took a breather, falling 5.4% to settle at 13.72 levels. This could indicate a slight decrease in market anxiety, but it’s essential to monitor the index closely.
US Stocks: Flat for the Time Being
The S&P 500 ended little changed, awaiting quarterly results from Nvidia, which could set the tone for the artificial intelligence sector. The Dow and Nasdaq followed suit, logging flat and modest gains, respectively.
Asian Stocks: Mixed but Cautious
Asian equities traded in a tight range, as earnings from Nvidia failed to boost sentiment. Australian and Japanese indices logged slight gains, while the Hang Seng and Euro Stoxx 50 futures recorded losses.
Gold: A Safe-Haven Play
Gold prices rose, as concerns lingered over President Trump’s tariff plans and the Federal Reserve’s policy path. Investors await a key inflation report to gauge the central bank’s response.
Funds & Markets
- Fast track stocks: Securities that have crossed 95% of the market-wide position limit and are in the F&O ban period include Manappuram Securities.
- FII/DII flows: Foreign portfolio investors turned net sellers, while local institutional investors purchased shares.
- Rupee: The currency declined 47 paise to 87.19 against the US dollar, due to increased dollar demand by importers.
- FII data: The net short position reduced from Rs 2 lakh crore to Rs 1.99 lakh crore.
With the markets opening, investors face a crucial test: will the Nifty50 index rebound or continue its decline? Only time will tell. Stay informed, stay ahead, with our expert analysis and insights. Keep an eye on the following key levels:
- 22,500-22,400 for the Nifty50 index
- 13.72 for the India VIX
- 87.19 for the Indian rupee against the US dollar
- 1.99 lakh crore for the FII net short position
Nifty Today: Get Set for a Trading Session to Remember!
Will the Nifty continue its decline or make a comeback? The answer lies with you, dear investors. Stay informed, stay ahead, and trade smart!
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