Today’s Pre-Market Trade Setup

Rapid Summary

• Analysts predict market volatility may be limited due to falling crude oil prices, easing Dollar Index, and expectations of domestic earnings rebound.
• Foreign portfolio investors were net sellers at ₹793 crore; DIIs bought shares worth ₹1,723 crore on thursday.
• GIFT Nifty signals a positive start for Dalal Street with a rise of 148.50 points (0.66%).
• Key levels: Immediate support at 22,300; resistance at 22,630 for potential upmove towards 22,800.
• India VIX fell by 3.2% to settle at 13.28 levels indicating reduced market fear.
• Asian shares increased following China’s commitment to boost consumption; U.S stocks recovered from trade war concerns.
• Oil prices rose by about 1%, and gold firmed amid geopolitical tensions and recession fears.

Indian Opinion Analysis

The Indian stock market shows signs of optimism fueled by several supportive macroeconomic factors despite global trade uncertainties. The moderation in valuations alongside easing crude oil prices offers a cushion against potential volatility. Domestic institutional Investors’ ample purchases indicate confidence in the local market’s resilience.Moreover, the decline in India VIX suggests decreasing investor anxiety compared to recent times.though, immediate support and resistance levels will be crucial markers for short-term movements.

Continued vigilance on global economic cues is essential as they can significantly impact sentiment and investment choices in India amidst dynamic international conditions.

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