🌎 Global Market Sentiment: Neutral-Bullish
The global landscape is showing a fascinating split as we head into the new trading week. While the US Tech Sector (Nasdaq 100) is consolidating near record highs, emerging markets are seeing renewed institutional interest.
1. Wall Street Oversight
US futures remained steady over the weekend. Our AI models suggest that the NVIDIA-led AI rally is entering a ‘healthy’ consolidation phase.
- Key Level: Support at 17,450. A break below this could trigger a short-term correction in global tech stocks.
2. The Indian Angle: GIFT Nifty
The GIFT Nifty is currently indicating a slightly positive start for the Indian indices. Traders should watch the first 15 minutes of the NSE open closely to see if the gap-up holds.
- Intraday Bias: Bullish above 22,200.
- Risk: Increasing DXY (Dollar Index) might pressure the Rupee.
3. Commodities: Gold’s Stealth Rally
Gold is continuing its climb as a hedge against global uncertainty. With central banks across Asia increasing their reserves, the $2,100 level has become a strong floor.
🛠️ Trader’s Action Plan
If you are trading the Indian or Global markets today, follow the algo-levels:
- For Scalpers: Focus on high-volume breakouts in the first hour.
- For Swing Traders: Look for “Bottom-Out” setups in the Banking sector.
- Live Tools: Check our Live Intraday Dashboard for real-time breakout signals.
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