Pre-market action: Here's the trade setup for today's session
· economictimes.indiatimes.com
Indian markets experienced a downturn on Monday, with the Nifty closing below 24,000 due to profit-taking and geopolitical concerns. IT and Auto stocks faced selling pressure. Analysts suggest a cautious outlook, with attention on US-Iran talks and the Strait of Hormuz. The India VIX saw an increase, indicating heightened market fear.
Tech View: The short-term trend remains constructive as long as the index holds above the 23,800 support level. Unless the Nifty falls below 23,800, a buy-on-di...