GIFT Nifty up 15 points; Here is the trading setup for today’s session

Domestic indices made another fresh high amid intra-day volatility. Markets continued their winning streak for the 11th day in a row and analysts expect this gradual rally to continue.

Here’s a breakdown of the pre-market actions:

Market conditions
GIFT Nifty (earlier SGX Nifty) signals a positive start
GIFT Nifty traded up 16 points or 0.06 percent at 25,286 on NSE IX, indicating that Dalal Street is heading for a positive start on Friday.

• Tech View: Nifty has continuously maintained the 25,000 level and should maintain a positive bias until this support is maintained. However, a break below 25000 could lead to weakness towards 24850 or lower, said Rajesh Bhosle, Equity Technical Analyst, Angel One.
• India VIX: The India VIX, a measure of fear in markets, settled down 1.16% at 13.79.

US stocks mixed
The Dow hit a record high in mixed trading on Thursday following strong US economic data, while artificial intelligence chipmaker Nvidia fell after largely in-line forecasts failed to impress investors.

• S&P 500 flat,
• Nasdaq -0.23%,
• Dow +0.59%

Asian shares surge
Asian stocks advanced as upbeat US growth data suggested the Federal Reserve was engineering a so-called soft landing for the economy.

• S&P 500 futures were little changed at 9:09 a.m. Tokyo time
• Hang Seng futures rose 0.1%
• Japan’s Topix rose 0.2%
• Australia’s S&P/ASX 200 rose 0.5%
• Euro Stoxx 50 futures rose 0.9%

Oil freeze
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weak demand.

The dollar rises
The dollar traded near a one-week high against major peers on Friday, on track to snap a five-week losing streak, after strong economic data paired bets on an aggressive Federal Reserve interest rate cut.

Ban stock today in F&O

NIL

Under the F&O segment the securities in the embargo period include companies in which the security exceeds 95% of the market-wide position limit.

FII/DII action
Foreign portfolio investors on Thursday invested Rs. 3,259 crore were net buyers. DIIA Rs. 2690 crore worth of shares bought.

Rs
The rupee closed higher by 8 paise at 83.89 against the US currency on Thursday due to softer crude oil prices and stronger trend in domestic equities.

FII data
Net long of FIIs on Wednesday stood at Rs. 1.34 lakh crore on Thursday to Rs. 2.1 lakh crores.

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