GIFT Nifty down 15 points; here's the trading setup for today's session

Posted on:
Key Points

As far as the index is concerned, Nifty 50 is seen trading largely rangebound until it decisively crosses 19850 points, which is a major hurdle zone..

GIFT Nifty on the NSE IX traded lower by 14.5 points, or 0.07 per cent, at 19,805, signaling that Dalal Street was headed for muted start on Monday.. Tech View: Following a lower close on Friday, Nifty 50 has formed two back-to-back candles with high upper shadows, which indicates strong hurdles in the upward trajectory at 19850 level..

Wall Street's three major indexes edged up slightly on Friday as investors digested recent gains while remarks from Federal Reserve officials clouded the outlook about when the U.S. central bank might start cutting interest rates...

Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Mid-East supply disruption brought about by the Israel-Hamas conflict...

The dollar languished near an over two-month low against its major peers on Monday, struggling to make headway on the view that U.S. rates have peaked, with attention now on how soon the Federal Reserve could begin easing monetary conditions...

You might be interested in

Sensex, Nifty end lower in volatile session; financials underperform

18, Apr, 23

The S&P BSE Sensex ended 183.74 points lower at 59,727.01, while the NSE Nifty 50 settled 46.70 points lower at 17,660.15.

Sensex, Nifty end higher in volatile trade; Adani Enterprises jumps 7%

01, Jun, 24

The S&P BSE Sensex ended 71.75 points higher at 73, 961.31, while the NSE Nifty50 rose 42.05 points to settle at 22,530.70.

Stock Market Today: Sensex, Nifty end flat amid weak global cues; mid, smallcaps outperform

06, Jun, 23

Sensex closed with a nominal gain of 5 points at 62,792.88 while the Nifty also ended 5 points higher at 18,599.

Sensex, Nifty end higher as heavyweight stocks gain; Nestle India up 5%

19, Dec, 23

The S&P BSE Sensex rose 122.10 points to 71,437.19, while the NSE Nifty 50 ended 34.45 points higher to settle at 21,453.10. Broader market indices were mixed, with midcaps and smallcaps ending in negative territory.