Nifty today: Pre-market action: Here’s the trade setup for today’s session – News Air Insight

Nifty ended lower for the third consecutive session on Monday. The markets were dragged by weakness in private banking and realty stocks. Analysts expect the market to remain under pressure amid mixed Q1 earnings, continued FII selling and lack of progress on the India-US trade deal ahead of the nearing deadline.

Stock-specific action will likely continue as the earnings season gathers pace.

STATE OF THE MARKETS

• Tech View: The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 7% to settle at 12.06 levels.

Stocks in F&O ban today
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 sold shares worth Rs 6,082 crore on Monday. DIIs, meanwhile, were net buyers at Rs 6,765 crore.Rupee
The Indian rupee dipped on Monday as month-end dollar bids from importers exerted some pressure, but the currency largely sidestepped the spillover from a firmer dollar, which traders indicated was due to the absence of substantial outflows.

FII data
The position of FIIs in the futures market increased from a net short of Rs 1.58 lakh crore on Friday to Rs 1.64 lakh crore on Monday.