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

Indian equity markets ended marginally lower on Monday, recovering from early losses to close near the day’s high amid a weak global risk environment. Analysts say markets are expected to trade in a consolidation mode in the near term, with heightened volatility in the broader markets as year end approaches amid thin volumes and an uncertain global macro backdrop.

STATE OF THE MARKETS

• Tech View: Immediate support is placed around 25,900, followed by the 50-DMA near 25,770. On the upside, a decisive move above 26,100 could pave the way for further gains toward 26,250. Overall, the broader trend remains positive, with a buy on dips approach intact as long as the index holds above 25,700, said Nilesh Jain, Head – Technical and Derivatives Research Analyst.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 1.4% to settle at 10.25 levels.

Stocks in F&O ban today

Bandhan 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 1,468 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1,792 crore.

Rupee
The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.

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