⚡ Market Pulse

  • The US tech sector shows resilience, with NASDAQ futures indicating a positive opening, driven by strong earnings reports from major tech players.
  • Brent Oil prices are stable, hovering around $85 per barrel, as investors await the OPEC+ meeting to gauge the cartel’s production plans.
  • The Dollar Index is trading flat, with a slight bias towards weakness, as market participants assess the impact of the recent US jobs report on the Fed’s monetary policy stance.

📊 Key Pivot Levels

| Index | Support | Pivot | Resistance | | — | — | — | — | | NIFTY | 17,800 | 18,050 | 18,300 | | BANKNIFTY | 42,500 | 43,200 | 43,800 | | FINNIFTY | 18,200 | 18,500 | 18,800 |

🎯 Top Trending Stocks & Sectors

  1. Tata Motors: Showing breakout potential due to its strong sales numbers and improving market share in the electric vehicle segment.
  2. Hindalco Industries: Poised for a rally as aluminum prices surge, driven by supply chain disruptions and robust demand from the construction sector.
  3. ICICI Bank: Exhibiting bullish trends, driven by its healthy balance sheet, improving asset quality, and expectations of a rate hike by the RBI.

🗓️ Major Global Events Today

  • US inflation data release, which may influence the Fed’s interest rate decision.
  • RBI’s monetary policy meeting, where a rate hike is widely expected.
  • OPEC+ meeting to discuss production plans, which may impact crude oil prices.

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