GIFT Handy 100 points; here is the trading setup for today’s session

Indian stock markets traded cautiously positive on Monday with benchmark indices opening higher after the announcement of an interim framework for the India-US trade deal. Analysts say the market appears to be in a phase of gradual recovery and consolidation, with near-term direction likely to be determined by global macro developments, currency movements and the sustainability of risk sentiment reflected in foreign fund flows.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 97 points, or 0.37 percent, higher at 25,987, indicating that Dalal Street was heading for a positive start on Tuesday.

• Technical representation: The RSI is in a bullish crossover and continues to rise. In the short term, the index could move towards higher levels, with initial resistance at 26,000-26,200. At the bottom, support is placed at 25,650.
• India VIX: India’s VIX, a measure of market fear, rose 2.9% to 12.19.

US stocks gain
The S&P 500 and Nasdaq rose solidly after a shaky start on Monday as technology stocks found their footing after last week’s AI-induced sell-off, while investors awaited key economic data that could shed light on the Federal Reserve’s interest rate path.Gold, silver retreats
Gold and silver fell on Tuesday after two straight sessions of gains, while the dollar edged higher after a more than one-week low as investors waited for key US jobs and inflation data due later this week to gauge the yield trajectory.

Dollar down
The US dollar suffered sharp losses on Tuesday ahead of a set of economic data that will determine the interest rate path, while the yen held on to gains in the wake of Prime Minister Sanae Takaichi’s resounding election victory.

Shares in F&O ban today

SAIL
Sammaan capital

Securities in the ban period under the F&O segment include companies in which the security has exceeded 95% of the market-wide position limit.Rupee
The rupee witnessed a volatile trading session and ended the day marginally lower, down 1 paisa at 90.66 against the US dollar on Monday as traders assessed the details of the interim trading framework between India and the US.

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