Pre-market action: Here's the trade setup for today's session

Domestic markets went up on Monday, buoyed by strong global cues ahead of Trump’s swearing-in ceremony and a sharp rally in Kotak Mahindra Bank and Wipro. Analysts expect the market to trade within a broad range and stock/sector specific action to continue as the Q3 result season is picking up pace.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 71 points, or 0.30 per cent, at 23,425, signaling that Dalal Street was headed for positive start on Tuesday.

• Tech View: Nifty appears to be gathering momentum for an upward move. The RSI on the hourly chart has rebounded from lower levels, showing a positive divergence that further strengthens the bullish outlook.

India VIX: India VIX, which is a measure of the fear in the markets, rose 4.24% to settle at 16.42 levels.

Asian shares advance
Asian stocks advanced with US equity futures after President Donald Trump held off from imposing sweeping trade tariffs in his first day in office.

• S&P 500 futures rose 0.5% as of 9:37 a.m. Tokyo time
• Hang Seng futures rose 1.6%
• Nikkei 225 futures (OSE) rose 0.3%

Japan’s Topix rose 0.2%

Australia’s S&P/ASX 200 rose 1%

Euro Stoxx 50 futures rose 0.1%

Dollar slips
The dollar nursed broad losses on Tuesday after U.S. President Donald Trump stopped short of imposing new tariffs and reports suggested any new taxes would be imposed in a "measured" way, a major relief for trade-exposed currencies.

Stocks in F&O ban today

1) Angel One

2) RBL Bank

3) Manappuram

4) LT Finance

5) Bandhan Bank

6) Canfin Homes

7) ABFRL

8) Kalyan Jewellers

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 turned net sellers at Rs 4,336 crore on Monday. DIIs bought shares worth Rs 4,321 crore.

Rupee
The rupee appreciated 5 paise to close at 86.55 (provisional) against the US dollar on Monday, as an overnight decline in crude oil prices and the US dollar index supported investor sentiments.

FII data
The net short of FIIs increased from Rs 3.26 lakh crore on Friday to Rs 3.33 lakh crore on Monday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)