Nifty futures on the Singapore Exchange traded 95 points, or 0.53 per cent, higher at 18,155.50, signaling that Dalal Street was headed for a positive start on Tuesday.
Domestic equities are likely to extend gains as benchmark indices ending above psychologically crucial levels on Monday has turned the trend bullish.
Options data indicates further upside potential for Nifty 50, as the 18300 call option was the most actively traded on Monday, data showed.
However, foreign investors could exercise caution ahead of the US Federal Reserve’s policy meeting starting Tuesday.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 95 points, or 0.53 per cent, higher at 18,155.50, signaling that Dalal Street was headed for a positive start on Tuesday.
- Tech View: The short term trend remains up as Nifty 50 has moved above the previous swing high of 17919 and made higher bottoms over the last few weeks. The index could now attempt to test the recent intermediate high of 18096 points.
- India VIX: A further strength in the market indicated the risk-on sentiment among investors, which pulled down the fear gauge for the fourth straight session on Monday. The index ended nearly 1% down at 15.8025 points.
Asian stocks edge higherAsian shares rose and bond yields firmed in early trade on Tuesday despite mild losses from Wall Street overnight as investors turned their focus to the Federal Reserve's policy meeting this week for ...