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

Nifty extended its winning streak for the eighth straight session on Friday in line with a global rally as hopes of a US Fed rate cut next week buoyed investor sentiment. Analysts said the near-term market outlook remains constructive, albeit with potential volatility around central bank events, while progress in India–US trade negotiations could provide an additional boost to investor confidence.

STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a positive/negative start

• Tech View: The support base continues to rise, with the immediate support now seen at the 50-day moving average, currently placed around the 24,900 level. The strategy should be to buy on declines as we have already seen a recent rally.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 10.12 levels.

Stocks in F&O ban today

1) RBL Bank
2) OFSS
3) HFCL

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 129.58 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1556 crore.Rupee
The Indian rupee recovered from all-time lows and settled for the day higher by 9 paise at 88.26 against the US dollar on Friday, on weakness in the US dollar index and positive domestic markets.

FII Data
The position of FIIs in the futures market reduced from a net short of Rs 1.82 lakh crore on Thursday to Rs 1.72 lakh crore on Friday.