Tech View: A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term.
Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term.
India VIX: India VIX, which is a measure of the fear in the markets, rose 0.4% to settle at 20.27 levels.
Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets.
Tech View: A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term. Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term. Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.4% to settle at 20.27 levels.
Dow rises 0.88%,
S&P gains 1.17%,
Nasdaq up 1.40%
S&P 500 futures rose 0.1% as of 9:11 a.m. Tokyo time
Hang Seng futures were unchanged
Japan’s Topix was little changed
Australia’s S&P/ASX 200 rose 1%
Euro Stoxx 50 futures rose 0.4%
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Equity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets."We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions:GIFT Nifty on the NSE IX traded higher by 124 points, or 0.56 per cent, at 22,383.50, signaling that Dalal Street was headed for positive start on Thursday.Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve.Asian equities tracked gains on Wall Street as the latest US inflation data reinforced bets for Federal Reserve interest-rate cuts.The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy.Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand.1) Vodafone Idea 2) Birla Soft 3) ZEE 4) Balrampur Chini Mills5) GMR Infra6) SAIL7) Hindustan Copper8) PEL9) PNB10) Granules11) India Cements12) LIC Housing FinanceSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limitForeign portfolio investors were net sellers at Rs 2,832 crore on Wednesday. DIIs, meanwhile, bought shares worth Rs 3,788 crore.The rupee rose 5 paise to settle at 83.46 against the US dollar on Wednesday as weakness in the greenback against major crosses overseas supported the local unit.The net short of FIIs increased from Rs 2.13 lakh crore on Tuesday to Rs 2.45 lakh crore on Wednesday.M&M, HAL, GAIL, Info Edge, Vodafone Idea, Biocon among others will announce their fourth quarter earnings on Thursday.
