Indian equities witnessed sharp rebound losses in the previous three sessions with Nifty climbing to 26,205, close to record highs and marking the sharpest one-day rise in five months. Overall, analysts say the market environment remains supportive, driven by healthier demand in the third quarter and expectations that capex will pick up, along with a possible rate cut from the RBI and the FED, which could help the market surpass its all-time high.STATE OF THE MARKETS
- Technical representation: Furthermore, a bearish divergence is visible on the daily time frame along with a bearish crossover. Sentiment could remain weak, with the possibility of the index falling towards 25,700. On the higher side, resistance is placed at 26,000.
- India VIX: India’s VIX, a measure of market fear, fell 0.8% to 12.02.
Shares in F&O ban today
NIL
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 4,778 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 6,248 crore.
Rupee
The rupee fell 1 paisa to close at 89.23 (provisional) against the US dollar in range trading on Wednesday, as firm domestic equities and a decline in global crude oil prices offset the impact of a strengthening dollar.
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