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

Indian equities ended lower, with Nifty extending the previous session’s decline as caution prevailed amid persistent FII selling and rupee weakening to new record lows. Analysts expect the Indian markets to trade sideways in the absence of any meaningful near-term triggers.

STATE OF THE MARKETS

• Tech View: On the upside, a sustained move above the short-term 21-DMA at 26,030 would be crucial to trigger a pullback, potentially paving the way for a rise toward 26,250.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 1.7% to settle at 10.07 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 2,381 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,077 crore.

Rupee
The rupee fell 23 paise against the greenback to settle at a new all-time low of 91.01 on Tuesday, as the government in the Rajya Sabha attributed the sliding value of domestic currency to widening trade deficit and the ongoing developments related to the India-US trade agreement.

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