Pre-market action: Here’s the trade setup for today’s session
Benchmark indices were volatile on expiry day as Nifty ended 58 points lower, while the Sensex was down by 250 points. Analysts say the intraday market texture is non-directional and hence, levels-based trading would be the ideal strategy for day traders.STATE OF THE MARKETS
- Tech View: From a technical standpoint, the index continues to attract buying interest near lower levels, as reflected by its ability to reclaim and hold the 25,700 demand zone. The formation of consecutive candlesticks with long lower shadows near support indicates dip-buying activity, suggesting that bullish participants have not entirely exited the market.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.5% to settle at 11.20 levels.
Stocks in F&O ban today
SAIL
Sammaan Capital
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net sold shares worth Rs 1,500 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,182 crore.Rupee
The rupee declined 6 paise to close at 90.23 against the US dollar on Tuesday, as a rebound in crude oil and high metal prices, coupled with a cautious market environment, dented investor sentiments.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
