Gift Nifty up 40 points; Here is a trading setup for today’s session

The Nifty ended on Wednesday as tensions in the Middle East were relaxed after a temporary ceasefire between Israel and Iran. Overall, analysts expect that the Indian market will be firm behind global geographical-political concerns and positive domestic signals.

Position of the markets
Gift Nifty (previously SGX Nifty) indicates a positive start
Gift Nifty on the NSE IX trades at 37.50 points or 0.15 percent, 25,298.50, indicating that Dalal Street led to a positive start on Thursday.

  • Tech View: With the possibility of growth of 25,350, the overall spirit remains positive. Immediate support is placed at 25,000; The break down of this level can lead to a drift towards 24,850. On the other hand, if the index holds above 25,000, the strength can continue, and the spirit can favor long traders.
  • India VIX: India Vicks, which is a measure of fear in markets, fell 5% to settle at 12.97 levels.

Asian shares increase
Asian equity increased early on Thursday, encouraged by Japanese stocks after a flat session on Wall Street as traders evaluated economic and geographical political risks.

  • The S&P 500 futures remained unchanged till 9:15 in the morning
  • Hang Seng Futures dropped 0.6%
  • Japan’s Topics rose 0.2%
  • Australia Stralia’s S&P/ASX 200 dropped 0.2%
  • Euro Stoksx 50 futures fell 0.8%

US stocks mixed
The US stocks took a breath on Wednesday, with Israel-Iran’s next fire pausing a two-day rally, and investors burned on the second day of Congress testimony from Federal Reserve Chair Jerome Powell.

  • 0.25%below Dow,
  • S&P 500 unchanged,
  • Nasdaq up to 0.31%

Living events

      Oil increase
      Oil prices have risen from the past day as US crude stocks are larger than expected, while investors have been cautious about Iran-Israel ceasefire and stability in the Middle East.

      Rise of gold
      Gold prices are more visible on Thursday, supported by soft de Dollar Lur, as investors looked forward to the upcoming US economic data for signs of the Federal Reserve’s possible direction at interest rates.

      De dollar ler slip
      US The Federal Reserve’s concern over the future independence of the Euro declined on the euro on Thursday, weakening confidence in the sound of the country’s monetary policy.

      Stokes in the F&O ban today

      Book

      Barlasoft

      MCX

      Securities include companies in the restriction period under the F&O segment, with 95% of the security market-wide position limit.

      Fii/dii action
      Foreign portfolio investors paid Rs. 2,427 crore shares were sold. DII, meanwhile, was purchased for Rs 2,373 crore.

      Rupee
      Amidst the end of rivalry between Israel and Iran and strong inauguration in domestic equity markets, the rupee was raised by Rs 13 against the US de Dollar in the early trade on Wednesday.

      Fii data
      FII status in the futures market was Rs. 1.09 lakh crore was dropped from net to Rs. 1.06 lakh crore.

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