Pre-Market Action: Here is the trade setup for today’s session

Indian equities saw a mild recovery on Tuesday with the Nifty up 0.4%. Analysts say the index is expected to trade in a broad range in the near term amid ongoing global macro uncertainty and continued foreign institutional investor outflows. Broader markets may continue to witness stock-specific movements, while investors’ focus is likely to remain on RBI’s monetary policy outcome, keeping rate-sensitive sectors active. IT stocks are also expected to gain focus following positive comments from global AI companies and buying interest due to strength in global technology stocks.

Market conditions

• Tech View: On the downside, immediate support is placed at 23,420. A break below this level could trigger a further decline towards 23,200. On the upside, resistance is located around 23,600.
• India VIX: The India VIX, a measure of fear in the markets, settled down 7.2% at 15.36.

Ban stock today in F&O

1) Amber Enterprises

2) Keynes

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

Rs

The rupee closed 17 paise lower at 95.36 against the US dollar on Tuesday as the US currency held firm amid a surge in global crude oil prices and massive safe-haven inflows.

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