GIFT Nifty down 80 points; here's the trading setup for today's session

STATE OF THE MARKETS
(Earlier ) signals a negative start
GIFT Nifty on the NSE IX traded lower by 83 points, or 0.37 per cent, at 22,053.50, signaling that Dalal Street was headed for negative start on Tuesday.

• Tech View: The short-term trend of Nifty remains positive with range-bound action. A decisive break below the support of 21900-21850 is likely to drag Nifty down to 21500 levels in a quick period of time. Any upside bounce from here could encounter strong hurdles around 22200 levels, Nagaraj Shetti of HDFC Securities said.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 1.5% to settle at 13.90 levels.

end higher
Wall Street's main indexes closed higher on Monday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited anxiously for the U.S. Federal Reserve's meeting this week.

• Dow up 0.20%,
• S&P gains 0.63%,
• Nasdaq rises 0.82%

down
Asian shares marginally fell before a Bank of Japan policy decision where authorities are likely to bring an end to the world’s last negative rates regime.

• S&P 500 futures fell 0.2% as of 9:57 a.m. Tokyo time
• Hang Seng futures fell 0.5%
• Nikkei 225 futures (OSE) fell 0.7%
• Japan’s Topix was little changed
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures fell 0.2%

Dollar rises
The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers as bets for early rate cuts there were trimmed.


Stocks in F&O ban today

1) ZEE

2) ABFRL

3)

4)

5)

6)

7)

8)

9) PEL

10)

11)

12)

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 2,051 crore on Monday. Domestic institutional investors bought shares worth Rs 2260 crore.

Rupee
The rupee declined by 4 paise to settle at 82.90 against the US currency on Monday as strong American currency and worries over rising global crude oil prices weighed on the local unit.

FII data
The net short of FIIs increased from Rs 57,390 crore on Friday to Rs 61,315 crore on Monday.