From The Economic Times · Akash Podishetti · · 1m
D-Street poised for positive start as GIFT Nifty signals gains
GIFT Nifty rises 38.5 points, signaling Monday's positive market opening for Indian equities.
In brief
GIFT Nifty rises 38.5 points, signaling Monday's positive market opening for Indian equities. GIFT Nifty trades at 22,641, up 0.17%, suggesting Indian markets will open positively on Monday. Originally reported by The Economic Times.
GIFT Nifty signals positive start
GIFT Nifty traded higher by 38.5 points, or 0.17 per cent, at 22,641.
“GIFT Nifty (Earlier SGX Nifty) signals a positive start”
Market sentiment cautious
Analysts say Indian equities are likely to remain cautious amid elevated global risks.
“Analysts say Indian equities are likely to remain cautious amid elevated global risks”
Technical indicators bearish
The RSI remains in a bearish crossover and has stayed in the oversold zone.
“The RSI remains in a bearish crossover and has stayed in the oversold zone”
Support and resistance levels
Support is placed at 22180, below which the index might extend losses towards 22000.
“Support is placed at 22180, below which the index might extend its losses towards 22000”
Resistance level at 22350
Resistance is placed at 22350.
“resistance is placed at 22350”
India VIX falls 5.9%
India VIX fell 5.9% to settle at 14.38 levels.
“India VIX : India VIX, which is a measure of the fear in the markets, fell 5.9% to settle at 14.38 levels”
Asian markets mixed
Asian shares were mixed with losses in South Korea and gains in Australia.
“Asian shares mixed with losses in South Korea, where traders returned after a long weekend, and gains in Australia”
The bottom line
GIFT Nifty trades at 22,641, up 0.17%, suggesting Indian markets will open positively on Monday.
