Ahead of Market: 10 things that will decide stock market action on Monday
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- India VIX fell to 18.85, down 7.72% on the day and easing toward 19 after a 25% weekly decline, signalling reduced market volatility.
- Rupak De (LKP Securities) sees the Nifty bullish, with support at 23,800 and resistance 24,300‑24,350, warning of downside if a concrete truce deal fails to materialise.
- Nilesh Jain (Centrum Broking) notes the Nifty above 24,000, RSI above 50, and a potential short‑covering rally to 24,300‑24,500 as volatility softens.
- US markets posted >3% weekly gains across all three major indices, while oil fell ~13% after a fragile US‑Iran truce and inflation spiked on a historic gas‑price jump.
- European markets saw the STOXX 600 rise 0.4% to 614.84 (up 3% weekly) and modest gains in France and Spain, buoyed by cautious optimism over US‑Iran talks.
- Active stocks with high turnover include Ola Electric (Rs 238 crore), India Tourism Development Corporation (Rs 403 crore), and Info Edge (Rs 219 crore).
Why it matters: Nifty testing 24,300 resistance could trigger short‑covering, boosting Indian equity returns.
