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Pre-market action: Here's the trade setup for today's session

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Domestic markets ended with gains, driven by positive global cues amid optimism over the US-China trade deal and stronger-than-expected US jobs data. Analysts expect the market to continue its consolidation with a positive bias, while tracking global cues and developments on the geopolitical front.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 31.50 points, or 0.13 per cent, at 24,592.50, signaling that Dalal Street was headed for positive start on Tuesday.


  • Tech View: The next few sessions will be crucial, if Nifty sustains above this key retracement above 24550–24600 zone, it could trigger the resumption positive momentum that has been missing for last couple of weeks. On the contrary, if the consolidation persists, traders are advised to maintain a positive bias. Intraday supports have now shifted higher to 24350 followed by 24200.
  • India VIX: India VIX, which is a measure of the fear in the markets, rose 0.44% to settle at 18.34 levels.


US stocks dip
The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.
  • Dow down 0.24%,
  • S&P 500 dips 0.64%,
  • Nasdaq falls 0.74%

Asian shares mixed
The dollar gained in early Asian trade after a two-day slide as investors across Asia stayed focused on exacerbated currency appreciations from Taiwan to Malaysia.
  • S&P 500 futures fell 0.2% as of 9:44 a.m. Tokyo time
  • Hang Seng futures were unchanged
  • Nikkei 225 futures (OSE) rose 0.9%
  • Australia’s S&P/ASX 200 fell 0.1%
  • Euro Stoxx 50 futures were little changed

Gold climbs
Gold prices climbed to a one-week high on Tuesday as rising concerns over U.S. President Donald Trump's tariff plans boosted safe-haven demand, while investors also kept a close tab on the upcoming Federal Reserve policy meeting.

Oil steadies
Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.

Stocks in F&O ban today

1) RBL Bank

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 bought shares worth Rs 498 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,789 crore.

Rupee
The rupee surged 27 paise to settle at 84.30 against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities.



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