GIFT Nifty up 60 points; here's the trading setup for today's session

Domestic markets ended higher on Monday, driven by upbeat market sentiment following RBI’s aggressive rate cut and positive global cues supported by strong US jobs data and optimism ahead of US-China trade talks in London. Analysts expect the market to continue its gradual up-move, on the back of strong domestic cues.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 57.50 points, or 0.23 per cent, at 25,239, signaling that Dalal Street was headed for positive start on Tuesday.

• Tech View: A golden crossover on the daily chart has been a support the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely. A decisive move above this level could trigger a rally towards 25,700. On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 0.4% to settle at 14.69 levels.

US stocks end higher
The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year.

• S&P 500 +0.09%,
• Nasdaq +0.31%,
• Dow flat

Asian shares gain
Shares in Asia were poised to open stronger on Tuesday, buoyed by US-China trade talk expectations as officials struck a positive tone after the first day of negotiations.

• S&P 500 futures were little changed as of 8:19 a.m. Tokyo time
• Hang Seng futures rose 0.2%
• S&P/ASX 200 futures were little changed

Gold prices steady
Gold prices remained steady on Tuesday as investors monitored ongoing U.S.-China trade discussions in London aimed at easing a trade dispute between the world's two top economies.

Oil rises
Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.

Stocks in F&O ban today

Titagarh

Hindustan Copper

ABFRL

Chambal Fertilisers

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.

FII/DII action
Foreign portfolio investors net bought shares worth Rs 1,993 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3,504 crore.

Rupee
The rupee appreciated 2 paise to close at 85.66 against the US dollar on Monday, supported by a firm trend in domestic equities and foreign capital inflows.

FII data
The position of FIIs in the futures market increased from a net short of Rs 92,600 crore on Friday to Rs 95,872 crore on Monday.