Pre-market action: Here's the trade setup for today's session
· economictimes.indiatimes.com
Rising crude oil prices combined with ongoing tensions in the Middle East are influencing investor confidence negatively. Global markets are grappling with renewed inflation worries and high bond yields. If Nifty maintains its position above 24,284, it might indicate a rebound towards 24,400. Conversely, failing to surpass Thursday's peak points to a consolidation phase between 24,000 and 24,250.
Analysts say, a follow through strength above Friday’s high 24,284 for Nifty will signal extension of the pullback towards 24,400 levels in the coming session...