GIFT Useful 60 points; here is the trading setup for today’s session

Indian equity benchmarks recovered sharply from Monday’s lows to end in the green. Analysts expect markets to continue sideways, with stock-specific action as we enter the first leg of earnings season.STATE OF THE MARKETS
GIFT Nifty (earlier SGX Nifty) marks a positive start
GIFT Nifty on the NSE IX was trading 58 points, or 0.22 percent, higher at 25,917, indicating that Dalal Street was heading for a positive start on Tuesday.

• Technical representation: This half-session purchase is not expected to change overall market sentiment. We remain vigilant as the Nifty faces resistance in the 26,000-26,100 zone where selling pressure may reemerge. On the downside, immediate and crucial support is placed at 25650.”
• India VIX: The Indian VIX, which is a measure of fear in the markets, rose 4% to the level of 11.37.

US stocks end higher
The S&P 500 and the Dow Jones hit record highs on Monday, with shares of technology companies and retailer Walmart rising and investors largely brushing aside concerns about the U.S. Justice Department’s criminal investigation into Federal Reserve Chairman Jerome Powell.

• Dow Jones rises by 0.2%,
• S&P 500 rises 0.2%,
• Nasdaq gains 0.3%

Asian stocks gain
Asian shares rose to near a record, buoyed by optimism about earnings and regional economic growth, as investors expanded their focus beyond US markets.

• S&P 500 futures fell 0.1% as of 9:21 a.m. Tokyo time
• Japan’s Topix rose 2.1%
• Australia’s S&P/ASX 200 rose 0.8%
• Euro Stoxx 50 futures rose 0.3%

Dollar wobbles
The dollar held on to losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chairman Jerome Powell, a move that threatens the central bank’s independence and confidence in US assets.

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.FII/DII action
Foreign portfolio investors sold net shares worth Rs 3,638 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5,839 crore.

Rupee
The rupee recovered from low levels to settle 1 paisa higher at 90.16 against the US dollar on Monday, reflecting the weak US currency and falling crude oil prices.

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