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

Nifty surged past the 26,000 mark on Thursday, reclaiming the milestone after more than a year, as strong global cues and optimism surrounding a potential India-US trade agreement lifted market sentiment. However, the market cooled by 215 points from the day’s highs as investors booked profits at higher levels.

Overall, analysts said positive global cues, renewed foreign inflows and better-than-expected quarterly earnings could help sustain the market’s upward momentum, though intermittent profit booking at higher levels cannot be ruled out.

STATE OF THE MARKETS

• Tech View: The short-term trend remains intact, with the potential to revisit higher levels around 26,200 in the next 10–15 days. On the higher side, immediate resistance is placed at 26,000, above which the index may move towards 26,200.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4% to settle at 11.73 levels.

Stocks in F&O ban today

1) Samman Capital
2) RBL Bank

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 shares worth Rs 1,165 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,894 crore.Rupee
The rupee appreciated by seven paise to close at 87.86 against the US dollar on Thursday, supported by a positive trend in domestic equities and risk-on sentiments amid optimism about the US-India trade deal.