GIFT Nifty up 55 points; here's the trading setup for today's session

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Key Points

"Overall, we expect the market to continue its positive momentum with a focus on large-cap..

GIFT Nifty on the NSE IX traded higher by 57.5 points, or 0.26 per cent, at 22,539, signaling that Dalal Street was headed for positive start on Monday.. Tech View: The near-term uptrend of Nifty remains intact with high volatility..

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention...

Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data...

The rupee fell 6 paise to settle at 83.39 (provisional) against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets...

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