GIFT Nifty down 210 points; here's the trading setup for today's session

Here's breaking down the actions:

STATE OF THE MARKETS
(Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 211.5 points, or 0.96 per cent, at 21,856, signaling that Dalal Street was headed for negative start on Friday.

• Tech View: The previous closure around 21800 is likely to be seen as the pitstop for bears, and if bulls could not barge on there, then we may test the 100 DEMA placed around 21600 on an immediate basis, Osho Krishan of Angel One said.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.08% to settle at 12.88 levels.

US stocks flat
US stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future.

• Dow up 0.06%,
• S&P 500 off 0.22%,
• Nasdaq down 0.52%

Asian shares fall
Asian stocks dropped after US shares and Treasuries extended this month’s selloff following solid economic readings and hawkish Federal Reserve commentary.

• S&P 500 futures fell 0.2% as of 9:03 a.m. Tokyo time
• Nasdaq 100 futures fell 0.3%
• Hang Seng futures fell 0.1%
• Japan’s Topix fell 0.7%
• Australia’s S&P/ASX 200 fell 0.3%
• Euro Stoxx 50 futures rose 0.3%

Oil slips
Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged off sanctions on Venezuela and Iran. Brent futures fell 23 cents, or 0.3%, to $86.88 a barrel by 0037 GMT. U.S. crude fell 25 cents to $82.48 per barrel, also down 0.3%.

Dollar gains
The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected U.S. economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve rate cuts this year.

Stocks in F&O ban today

1) Metropolis

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4)

5) Vodafone Idea

6)

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8) ZEE

9) PEL

10)

11)

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 were net sellers at Rs 4,260 crore for the fourth straight day on Tuesday. DIIs, meanwhile, bought shares worth Rs 2285 crore.

Rupee
The rupee rebounded from its all-time low levels and appreciated 6 paise to close at 83.55 (provisional) against the US dollar on Thursday, as the American currency and Brent crude oil prices retreated from their elevated levels.

FII data
The net short of FIIs increased from Rs 36,391 crore on Tuesday to Rs 1.07 lakh crore on Thursday.

Q4 results
, Jio Financial, , among others will announce their fourth quarter earnings on Tuesday.