Nifty today: Pre-market action: Here’s the trade setup for today’s session

It was a volatile week for the market, where equity indices ended with minor cuts. In the current week, investors will look out for macro data both on the domestic and global fronts.

“We expect the market to turn cautious and consolidate in the near term amid key macro data to be announced and the last leg of Q3 results,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.

Here’s breaking down the pre-market actions:

STATE OF THE MARKETS

• Tech View: The overall uptrend status of Nifty remains intact and there is a possibility of further upside towards 22000 levels in the near term. Any dips down to 21600-21500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2.08% to settle at 15.45 levels.

Stocks in F&O ban today

1) Hindustan Copper

2) India Cements

3) Indus Tower

4) PNB

5) ZEE

6) Ashok Leyland

7) UPL

8) Balrampur Chini Mills

9) Delta Corp

10) SAIL

11) Aurobindo Pharma

12) SAIL

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 141 crore on Friday. DIIs, meanwhile, sold shares worth Rs 421 crore.

Rupee
The rupee fell 11 paise to 83.07 against the US dollar on Friday, tracking a strong American currency and elevated crude oil prices in the international market

FII data
The net short of FIIs reduced from Rs 92,760 crore on Thursday to Rs 83,853 crore on Friday.

Q3 results
Coal India, HAL, NHPC, SAIL and a slew of other companies will announce their third quarter results today.

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