Finance1 min read

Pre-market action: Here's the trade setup for today's session

By · Published by Everything Blog

In short

Market participants are monitoring pivotal resistance up to 23,700, backed by a recommended buy-on-dips approach maintaining a strict stop-loss at 22,900. Foreign portfolio investors fueled positive sentiment by purchasing Rs 3,115 crore in equities, easily outpacing domestic institutional net sales of Rs 392 crore. Meanwhile, the Indian rupee fell 10 paise to settle at 94.86 against the US dollar amid a firmer greenback overseas. Additional caution is required in derivatives trading as specific counters face positioning restrictions.

Key points

  • Market analysts recommend executing a buy-on-dips strategy using a defined stop-loss mark…: Market analysts recommend executing a buy-on-dips strategy using a defined stop-loss marker set at 22,900.
  • The India VIX rose by 1.3% to settle at 15.50, pointing to marginally elevated market vol…: The India VIX rose by 1.3% to settle at 15.50, pointing to marginally elevated market volatility.
  • Domestic institutional investors acted as net sellers on Monday by divesting Rs 392 crore…: Domestic institutional investors acted as net sellers on Monday by divesting Rs 392 crore worth of shares.

Sources checked by our analysis pipeline: 1

STATE OF THE MARKETS

Tech View: Immediate support is placed at 23,150–23,100, while resistance is seen at 23,500 and 23,700. A buy-on-dips strategy is recommended, keeping a strict stop-loss at 22,900.India VIX: India VIX, which is a measure of the fear in the markets, rose 1.3% to settle at 15.50 levels.

Read more: Ahead of Market: 10 things that will decide stock market action on Tuesday

Stocks in F&O ban today

1) Kaynes2) SAIL

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.

Read more: FII retreat deepens: Almost every second Nifty stock sees stake cuts in all 3 quarters of 2026

FII/DII action

Foreign portfolio investors net bought shares worth Rs 3,115 crore on Monday. DIIs, meanwhile, were net sellers at Rs 392 crore.Rupee

The rupee fell 10 paise to close at 94.86 against the US dollar on Monday, weighed down by a firm greenback in overseas markets.Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an…

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