Tag: opening bell

What Happened Yesterday?

NIFTY started yesterday with a 100-point gap-up at 22,446. This gap-up was soon lost as the market moved down. Around 11 AM, a fresh low for the week was created and the market broke down. NIFTY closed the day at 21,997, down by 338 points or 1.51%.

U.S. markets closed flat. The European markets closed in slight green.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are trading in slight green.

GIFT NIFTY is trading flat at 22,079.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 21,980, 21,920, 21,800 and 21,680. We can expect resistances at 22,090, 22,200 and 22,300.

BANKNIFTY has supports at 46,700, 46,470 and 46,240. We can expect resistances at 46,980, 47,200 and 47,420.

In NIFTY, there is high call OI resistance at 22,000. There is a high put OI support also at 22,000. PCR is bearish at 0.49.

Foreign Institutional Investors net–sold shares worth Rs -4,595 crores. Domestic Institutional Investors net–bought shares worth Rs 9,093 crores.

INDIA VIX jumped to 14.43.

The March Madness in the market continues. NIFTY fell 500+ points intraday yesterday.

The selling that we saw yesterday has the potential to be just a trailer. A correction was expected after reaching 22,500 levels, which is what we see now.

Today is the 2nd NIFTY expiry in the March series. We saw how volatile and directional moves were seen on FINNIFTY and BANKNIFTY expiries this week.

Smallcaps continue to fall because of the change in regulations around mutual funds. Smallcap index fell by 5% yesterday. Stay tuned to the marketfeed YouTube channel to learn more about it today.

An upcoming major event will be the Federal Open Market Committee(FOMC) meeting on March 19, and 20. This will be where decisions on interest rates in the U.S. will be taken up. With yesterday’s U.S. inflation data increasing again, there might be very harsh comments in the meeting.

But till now, our market is the worst hit. The U.S. markets are still trading at all-time highs.

We will be continuing our NIFTY trades, and entering fresh BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day slightly in red at 22,389 and fell. Support was taken around 22,280 and then the index bounced back up. Even after touching a fresh day-high, NIFTY fell back down after 1:30 PM. NIFTY closed the day at 22,356, down by 49 points or 0.22%.

U.S. markets closed in the red. The European markets closed mixed.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are flat.

GIFT NIFTY is trading in slight red at 22,426.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 22,360, 22,280 and 22,175. We can expect resistances at 22,430, 22,500 and 22,600.

BANKNIFTY has supports at 47,420, 47,200, 46,950 and 46,700. We can expect resistances at 47,600, 47,800 and 47,900.

In NIFTY, there is high call OI resistance at 22,400. There is a high put OI support at 22,200. PCR is bullish at 1.15.

In BANKNIFTY, there is high call OI resistance at 47,500. There is a high put OI support at 47,000 and 47,300. PCR is bullish at 1.27.

Foreign Institutional Investors net–bought shares worth Rs 574 crores. Domestic Institutional Investors net–bought shares worth Rs 1,834 crores.

INDIA VIX fell to 14.38.

U.S. markets fell yesterday along with large tech stocks. The selling pressure also came in as profit booking across the index.

BANKNIFTY has a high put OI buildup at 47,300. This causes some concern, because of the simple question of why traders are taking such risks on an expiry day.

Our markets are expected to open flat and potentially be very volatile like the FINNIFTY expiry yesterday. Aggressive traders lost money as the index shot up from day-low.

Federal Reserve Chairman Jerome Powell will appear today before both branches of Congress this week for his semi-annual monetary policy report. He is expected to talk about the plan on interest rate cuts. The effects of this would hit the market tomorrow. 

Would not be surprised if we see the market consolidating today. The only risk being 47,300 put sellers level in BANKNIFTY.

It is the BANKNIFTY expiry today. Trade safe according to the levels shared!

We will be entering fresh NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 21,411 and consolidated. Trading happened in a tight zone of just 80 points and between the levels of Saturday. NIFTY closed the day at 22,405, up by 27 points or 0.12%.

U.S. markets closed in the red. The European markets closed mixed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are in slight red.

GIFT NIFTY is trading in red at 22,470.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,360, 22,280 and 22,175. We can expect resistances at 22,430, 22,500 and 22,600.

BANKNIFTY has supports at 47,200, 46,950 and 46,700. We can expect resistances at 47,420, 47,600 and 47,800.

FINNIFTY has supports at 20,810, 20,745 and 20,640. We can expect resistance at 21,000, 21,080 and 21,200.

In NIFTY, there is high call OI resistance at 22,400. There is a high put OI support at 22,200. PCR is bullish at 1.25.

In BANKNIFTY, there is high call OI resistance at 47,500. There is a high put OI support at 47,000. PCR is bullish at 1.21.

Foreign Institutional Investors net–sold shares worth Rs 564 crores. Domestic Institutional Investors net–bought shares worth Rs 3,542 crores.

INDIA VIX was flat at 14.92.

After their non-stop rallies, markets in India and around the world cooled down yesterday. 

This in turn has given confidence to a lot of players to be over-aggressive. There are some high OI buildups at nearby strikes, which look more aggressive than required. 

At the time of high VIX, enjoy premiums at far away strikes and don’t be aggressive. As this OI number goes up, the impact of that level getting broken will increase.

Right now, we are seeing good put OI buildup at 22,200. Similar to the 22nd and 28th of Feb, we may see a big downside if this level is broken.

Tata Motors demerger has been announced, with 2 separate entities for its passenger and commercial vehicles businesses. Promoters are acquiring a fresh stake in Jio Financial Services.

Reliance crossed the 3,000 mark.

It is the FINNIFTY expiry today. Trade safe according to the levels shared!

We will be entering fresh NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started Saturday with a gap-up at 21,420 and fell. The moves were small as traders were inactive for the special trading day. After consolidating in a tight zone, NIFTY closed the day at 22,378, up by 39 points or 0.18%.

U.S. markets closed in the green. The European markets closed in green.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are in slight red.

GIFT NIFTY is trading in green at 22,,527.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 22,360, 22,280 and 22,175. We can expect resistances at 22,430, 22,500 and 22,600.

BANKNIFTY has supports at 47,200, 46,950 and 46,700. We can expect resistances at 47,420, 47,600 and 47,800.

Foreign Institutional Investors net–sold shares worth Rs 81 crores. Domestic Institutional Investors net–sold shares worth Rs 44 crores.

INDIA VIX fell to 14.99.

On Friday, we had a great breakout in the market with NIFTY moving up to 22,350. There was more than a 2.5% move in BANKNIFTY and it is just one more move away from the all-time high.

The next logical level at 22,500 for NIFTY, could be hit today. But I am watching out for profit booking once the market touches this level.

If it is crossed and sustained on a daily candle, then 22,800 would be the next level to watch for. 

Reliance has been testing the ₹3,000 mark for 3 days. Let’s see if it can move up. SBI is also near its all-time high level.

The market is waiting for the right opportunity for profit booking. Historically, it has been a volatile month! The question is will it be today, or will the market survive for another day!

We will be entering fresh NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 21,932 and was very volatile. Overall, the trading range was 200 points, but it had very choppy movements. A 150-point rally in the last 30 minutes helped the index close in green. NIFTY closed the day at 21,982, up by 31 points or 0.14%.

U.S. markets closed in green. The European markets closed mixed.

What to Expect Today?

Asian markets are mostly in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in big green at 22,220.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 22,175, 22,080 and 22,020. We can expect resistances at 22,250, 22,300 and 22,350.

BANKNIFTY has supports at 46,240, 46,000 and 45,560. We can expect resistances at 46,470, 46,700, 46,950 and 47,200.

Foreign Institutional Investors net–bought shares worth Rs 3,568 crores. Domestic Institutional Investors net–sold shares worth Rs 230 crores.

INDIA VIX fell to 15.57.

Our market had an expectably volatile session for the monthly expiry day. Wednesday saw a crash, as the AMFI circular for restrictions on smallcap and midcap funds came out.

The U.S. GDP grew at a solid pace of 3.2%, while India grew at 8.4% for the last quarter. This is good news for the market.

The U.S. PCE inflation or Personal Consumption Expenditures Inflation data in the U.S. came out around 2.4%. This is not the only figure to be watched, but it is still giving some initial confidence about rate cuts going into the future.

If our markets do open with a big gap-up like indicated, it could trigger a really good rally on the upside. Watch for the breakout which happens after the first 15 minutes. The level of 22,500, which we had been expecting would be closer than ever for the market.

Have an eye out for NIFTY IT, which has been waiting for a good breakout.

March has been the most volatile month, according to NIFTY data from the last 20 years. So make sure you trade with that knowledge.

We will be entering fresh NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-down at 22,099. Support was taken at yesterday’s low, and the market bounced back up from there. A double top has now been formed around 22,200. NIFTY closed the day at 22,198, up by 76 points or 0.34%.

U.S. markets closed mixed. The European markets also closed mixed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in slight green at 22,225.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 22,175, 22,080 and 22,020. We can expect resistances at 22,250, 22,300 and 22,350.

BANKNIFTY has supports at 46,470, 46,240 and 46,000. We can expect resistances at 46,700, 46,950 and 47,200.

In NIFTY, there is high call OI resistance at 22,200. There is a high put OI support at 22,000. PCR is bearish at 0.89.

In BANKNIFTY, there is high call OI resistance at 47,000. There is a high put OI support at 46,500. PCR is bearish at 0.78.

Foreign Institutional Investors net–sold shares worth Rs -1,509 crores. Domestic Institutional Investors net–bought shares worth Rs 2,861.56 crores.

INDIA VIX jumped to 15.72.

The market was in a good consolidation mood yesterday, even while the India VIX increased. The current week is going well for positional and intraday option sellers.

All the action of the week is directed towards tomorrow, at least that is what the options data is showing. VIX increasing, even while consolidation is being seen.

The U.S. GDP numbers will be released tonight. The markets there have also been consolidating around their all-time highs. It is also the monthly expiry day tomorrow, keep that in mind.

If the double top formed in NIFTY yesterday is broken in the morning, we might see a sustained rally. I also expect high volatility in the last 30 minutes, as traders hedge and close their positions before tomorrow’s market.

VIX is high, take safe trades. Do remember today is NOT the BANKNIFTY expiry, it is tomorrow alongside NIFTY. Interestingly, it is the last monthly expiry with NIFTY and BANKNIFTY trading together. From March, the BNF Monthly expiry will be on the last Wednesday of the month.

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-down at 22,173 and moved up. Friday’s low was taken as a resistance, and the index fell back. After playing around the 22,100 zone, the index closed the day at 22,122, down by 90 points or 0.41%.

U.S. markets closed in the red. The European markets closed mixed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in slight red at 22,119.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,080, 22,020 and 21,955. We can expect resistances at 22,175, 22,250 and 22,300.

BANKNIFTY has supports at 46,470, 46,240 and 46,000. We can expect resistances at 46,700, 46,950 and 47,200.

FINNIFTY has supports at 20,600, 20,540 and 20,450. We can expect resistances at 20,650, 20,750 and 20,880.

In NIFTY, there is high call OI resistance at 22,500. There is a high put OI support at 22,000. PCR is bearish at 0.84.

In BANKNIFTY, there is high call OI resistance at 47,000. There is a high put OI support at 46,000 and 46,500. PCR is bearish at 0.73.

Foreign Institutional Investors net–sold shares worth Rs -285.15 crores. Domestic Institutional Investors net–sold shares worth Rs 5 crores.

INDIA VIX jumped to 15.6.

It looks like the markets are looking to consolidate after the crazy bullishness of the previous 2 weeks. The U.S. and India’s GDP numbers are also something that the market is looking at.

Because the Federal Reserve is not cutting interest rates immediately, everyone wants to know if the economy can still grow under these conditions. There are some important speeches from Fed members too.

FINNIFTY traders can expect the index to trade between 20,500 and 20,650, with more risk expected on the downside. But since VIX continues to be high, option sellers can play it more safe with further strikes. Optimise for profitability.

NIFTY closed the day exactly around the earlier all-time high of 22,125. GIFT NIFTY is showing a flat opening, so I would not be surprised if we see a bounce back up every time the market falls to yesterday’s lows. There is currently not much bearishness, but mostly consolidation in the market.

Watch for 22,000 – 22,200 in NIFTY for a larger direction this week.

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up at 22,295 and moved down. There were no big moves in the day, as the index traded in a 100-point zone. After consolidation near the previous day’s high, NIFTY closed the day at 22,212, down by 5 points or 0.02%.

U.S. markets closed in green. The European markets closed in the green.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in slight red at 22,222.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,175, 22,080 and 22,020. We can expect resistances at 22,250, 22,300 and 22,350.

BANKNIFTY has supports at 46,800, 46,700 and 46,470. We can expect resistances at 46,950, 47,200, 47,420 and 47,600.

In NIFTY, there is high call OI resistance at 22,500. There is a high put OI support at 22,000. PCR is bearish at 0.88.

In BANKNIFTY, there is high call OI resistance at 47,000. There is also a high put OI support at 47,000. PCR is bearish at 0.79.

Last week, Foreign Institutional Investors net–sold shares worth Rs 1,939 crores. Domestic Institutional Investors net–bought shares worth Rs 3,351 crores.

INDIA VIX cooled to 14.97.

Last week was another all-time high week in the market with NIFTY touching close to 22,300 on Friday’s open.

This week’s major events are the U.S. and India’s GDP numbers. They will be coming out on the monthly expiry this Thursday.

When we look at the market, it still has some strength to go onto 22,500 this week. Global markets participating would take NIFTY up to that level.

The earlier all-time high of 22,125 would be the first support level to watch out for. If there is a gap-down today and the index falls below this level, it would be difficult to get back.

Do keep an eye out for Reliance, which is very close to the 3,000 mark. The stock hit an all-time high(ATH) on Friday. ICICI Bank is also trying for an ATH breakout.

DIIs continue to pour in money. The market rally will be only as strong as how much money they are pumping into the market!

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 21,090 and moved down. The week’s low was broken, and it was around 11 AM when the rally started from day-low. A 350+ point move was seen, and the index touched an all-time high by closing time. NIFTY closed the day at 22,217, up by 162 points or 0.74%.

U.S. markets closed in good green. The European markets closed in the green.

What to Expect Today?

Asian markets are trading mostly in green.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading in green at 22,310.

All the factors combined indicate a green opening in the market.

NIFTY has supports at 22,175, 22,080 and 22,020. We can expect resistances at 22,250, 22,300 and 22,350.

BANKNIFTY has supports at 46,950, 46,700 and 46,470. We can expect resistances at 47,200, 47,420 and 47,600.

In NIFTY, there is high call OI resistance at 23,000. There is a high put OI support at 22,000. PCR is bearish at 0.89.

Foreign Institutional Investors net–sold shares worth Rs -1,410 crores. Domestic Institutional Investors net–bought shares worth Rs 1,823 crores.

INDIA VIX cooled to 15.19.

There was widespread buying across all sectors except financial stocks in the day. ITC, Reliance and TCS gave the best contributions. Auto and IT indices gave big moves!

Usually, Fridays are when markets give a breakout and move up. All the tension in the market through the week with option sellers, option buyers and major expiries vanish on this day and a rally happens.

Fed Minutes shows that a further rate hike is not possible. But there is no rush to begin rate cuts. Nvidia’s sales surprised the U.S. market and the stock moved up 15% in just yesterday’s session! 

U.S. markets closed in bright green, with the NASDAQ index now just 1% away from all-time highs. Look out for IT stocks performing in India too!

India’s monetary policy committee said that rate cuts would have to be cautious, due to food inflation continuing. But the markets are enjoying it the way it is.

When NIFTY created a breakout above 22,125 earlier this week, there was a high chance of the index hitting 22,500. And till there, we can expect a good move in the index.

After the gap-up today, let us see if the strength sustains. FII selling can continue as U.S. markets and large caps perform well.

We will enter fresh NIFTY trades and modify our BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 21,111 and tried to move down. There was good support at Friday’s high and by noon the market was back at an all-time high. With a great rally towards the end of the day, a fresh all-time high was hit. NIFTY closed the day at 21,196, up by 74 points or 0.34%.

U.S. markets closed in the red. The European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly in red.

The U.S. Futures are trading slightly in the red.

GIFT NIFTY is trading flat at 22,253.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 22,080, 22,020 and 21,955. We can expect resistances at 22,250, 22,300 and 22,350.

BANKNIFTY has supports at 46,950, 46,700 and 46,470. We can expect resistances at 47,200, 47,420 and 47,600.

In NIFTY, there is high call OI resistance at 22,200. There is a high put OI support at 22,000. PCR is bullish at 1.21.

In BANKNIFTY, there is high call OI resistance at 47,500. There is a high put OI support at 47,000. PCR is highly bullish at 1.55.

Foreign Institutional Investors net–sold shares worth Rs -1,335.51 crores. Domestic Institutional Investors net–bought shares worth Rs 1,491 crores.

INDIA VIX jumped to 16.07.

The market gave another breakout with strength being seen in private banks. HDFC Bank, Axis Bank and Kotak Bank contributed 2/3rd of NIFTY’s move.

There was a good move in BANKNIFTY and FINNIFTY too!

There are good premiums available around the market with the high VIX. The BNF 47,000 straddle for today’s expiry has a total premium of 450+ points. So for around plus or minus 450 points of the 47k mark, I would not be worried about BANK NIFTY making a big move. 

But beyond this, a really good move can be expected. By the end of the day, expect some volatile action before the Fed Minutes release tonight. Keep an eye out for the OI data throughout the day!

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day with a gap-up at 22,107 and moved down. It stayed above the 22k mark and reversed back up by 10 AM. Very soon, a fresh all-time high was made by the index and it kept on moving up. NIFTY closed the day at 21,122, up by 81 points or 0.37%.

U.S. markets were on holiday yesterday. The European markets closed flat.

What to Expect Today?

Asian markets are trading mostly in red.

The U.S. Futures are trading slightly in the red.

GIFT NIFTY is trading in red at 22,142.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 22,080, 22,020 and 21,955. We can expect resistances at 22,150, 22,200 and 22,250.

BANKNIFTY has supports at 46,470, 46,240 and 46,000. We can expect resistances at 46,700, 46,950 and 47,100.

FINNIFTY has supports at 20,450, 20,375 and 20,250. We can expect resistances at 20,610, 20,750 and 20,800.

In NIFTY, there is a high call OI resistance at 22,100. There is a high put OI support at 22,000. PCR is bullish at 1.19.

In BANKNIFTY, there is a high call OI resistance at 46,500. There is a high put OI support at 46,000. PCR is bullish at 1.17.

In FINNIFTY, there is a high call OI resistance at 20,800. There is a high put OI support at 20,300. PCR is bullish at 1.01.

Foreign Institutional Investors net–sold shares worth Rs 754 crores. Domestic Institutional Investors net–bought shares worth Rs 452 crores.

INDIA VIX jumped to 16.01.

NIFTY finally gave a breakout above the all-time high yesterday. But if you look closely at the daily chart, a long has been formed on the top and the close was just below the 22,125 mark.

Another day of strength will be needed to confirm the market can move up to its next level of 22,500.

GIFT NIFTY is flat indicating there will be no easy way for NIFTY to get a gap-up and rally. The first 20 minutes of the day will be super important.

For the FINNIFTY expiry, all positional players are traded ‘safe’. There are no high OI buildups near the current levels and put sellers are more confident.

Looking at how things are going, I would not be surprised to see FIIs continue selling and DIIs continue buying today. And an overall FINNIFTY consolidation day. Non-aggressive players can end up making money because of the high VIX.

A reminder that tomorrow night, the U.S. Fed Reserve will be publishing the Fed Meeting Minutes.

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started Friday with a gap-up at 22,021 and moved down. The index did not break the previous day’s high and kept moving sideways. Overall, NIFTY moved in a 100-point zone for the day, with the lowest intraday movement in the last 30 days. NIFTY closed the day at 21,040, up by 130 points or 0.59%.

U.S. markets closed in the red. The European markets closed in the green.

What to Expect Today?

Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 22,141.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 21,955, 21,800 and 21,690. We can expect resistances at 22,080 and 22,120[all-time high], and 22,200.

BANKNIFTY has supports at 46,240, 46,000 and 45,840. We can expect resistances at 46,500, 46,700 and 46,950.

Foreign Institutional Investors net–bought shares worth Rs 251 crores. Domestic Institutional Investors net–bought shares worth Rs 1,571 crores.

INDIA VIX stayed flat at 15.22.

NIFTY closed very strong last week, near the weekly and all-time highs. There is an indication that a gap-up of a further 40 points will be there in the morning.

IT and Auto hit fresh 52-week highs and are looking at breakout moves. If BANKNIFTY also chips in, then the market will fly to 22,500. 

On the other, there are a few important events to note this week. On Wednesday, the U.S. Fed Reserve will be publishing the Fed Meeting Minutes.

This will give a good insight into what members of the Fed were thinking on cutting interest rates in the future. On Thursday, the equivalent RBI Monetary Policy meeting minutes will be published from India.

If otherwise, keep an eye out for breakout stocks and indices. There is money flowing in the market, but make sure you find the right stocks. There was an allegation on Axis Bank about a big scam, but the bag had denied it. Let us see what happens today.

If this does not affect the market, the overall sentiment is positive. Slight weakness in the U.S. market is offset by strong GIFT NIFTY. A breakout above the all-time high can also expected.

Do remember the U.S. markets are closed tonight, so there could be lower activity from FIIs.

We will be modifying our NIFTY and BANK NIFTY trades today. You can check out our trades on the marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!