Pre-market action: Here's the trade setup for today's session
· economictimes.indiatimes.com
Indian benchmark indices opened flat and remained under pressure throughout the session. Analysts suggest the Nifty's immediate bias remains down, targeting key support levels. The India VIX, a fear gauge, rose significantly, indicating market anxiety. Foreign portfolio investors and domestic institutional investors were net buyers on Monday. The Indian rupee traded in a narrow range due to RBI intervention and oil price concerns.
Analysts say immediate bias in the Nifty remains down and sustaining below 24,025 levels will open downside towards the key support area of 23,600-23,500 levels...