GIFT Useful 145 points; here is the trading setup for today’s session

Markets ended last week with marginal losses as mixed macroeconomic data, a depreciating rupee and continued uncertainty over the timing of a potential India-US trade deal kept investor sentiment cautious. The coming week marks the start of the festive end of year period and will be shortened due to the Christmas holidays, allowing trading volumes to remain subdued.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 144.50 points, or 0.56 percent, higher at 26,180, indicating that Dalal Street was off to a positive start on Monday.

• Technical representation: Given the recent recovery and a break above the descending trend line, a Santa rally seems possible in the coming week, which could push Nifty towards 26,200 points. On the downside, the main support is around 25,700.
• India VIX: India’s VIX, a measure of market fear, fell 1.9% to 9.52.

US stocks end higher
U.S. stocks closed higher on Friday after a choppy start to the week as a recovery in technology stocks helped offset sharp losses in consumer stocks including Nike.Asian stocks gain
Asian shares opened higher, following Friday’s gains in U.S. shares, helping intensify bets on a strong finish to the year.

• S&P 500 futures rose 0.2% as of 9:26 a.m. Tokyo time
• Hang Seng futures rose 0.5%
• Japan’s Topix rose 0.8%
• Australia’s S&P/ASX 200 rose 0.7%
• Euro Stoxx 50 futures fell 0.1%

Yen down
The yen languished near a record low against the euro on Monday after Bank of Japan Governor Kazuo Ueda stuck to his usual cautious rhetoric following a rate hike on Friday.

Oil jumps
‍Oil prices rose during early Asian trading hours on Monday after ‌the ‌U.S. intercepted a Venezuelan oil tanker this weekend.

Shares in F&O ban today
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.FII/DII action
Foreign portfolio investors bought net shares worth Rs 1,830 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5,723 crore.

Rupee
The rupee appreciated 54 paise to close at 89.66 (provisional) against the US dollar on Friday, supported by corporate dollar inflows and falling crude oil prices.

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