Pre-market action: Here’s the trade setup for today’s session
STATE OF THE MARKETS
Tech View: The short-term trend is likely to remain weak as the index continues to trade below the 50-EMA on the hourly chart. A sell-on-rise sentiment may continue to prevail as long as the index remains below the 24,000–24,200 zone. On the lower end, support is placed at 23,830 and 23,700.
India VIX: India VIX, which is a measure of the fear in the markets, fell 5.8% to settle at 10.68.
Read more: Ahead of Market: 10 things that will decide stock market action on Monday
Stocks in F&O ban today
1) SAIL
2) LIC Housing Finance
3) Inox Wind4) Kaynes
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net sold worth Rs 3,112 crore on Friday. DIIs, meanwhile, were net buyers at Rs 8,920 crore.
Rupee
The Indian rupee ended largely unchanged Friday, but posted its best weekly performance against the US dollar in five weeks, helped by stronger-than-expected dollar inflows into the central bank’s special schemes.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
