GIFT Nifty Up 390 Points; Here's the Trading Setup for Today's Session

GIFT Nifty surged around 390 points in early trading on Wednesday, indicating a strong start for the Indian stock market. The sharp rise suggests that benchmark indices such as the Nifty 50 and Sensex could open significantly higher.

Strong Opening Signals for Dalal Street

The rally in GIFT Nifty reflects improved investor sentiment following positive global cues. Asian markets traded higher while US markets showed signs of stability, boosting confidence among traders ahead of the Indian market opening.

Key Factors Driving Market Sentiment

Market participants are closely tracking geopolitical developments in West Asia, movements in crude oil prices, and foreign institutional investor (FII) activity. Any easing in global tensions could further support equity markets.

Technical Levels to Watch

According to analysts, Nifty could face resistance near the 24,800–25,000 range, while immediate support is seen around the 24,300 mark. A decisive move above resistance levels may trigger fresh buying interest in key sectors.

Sectors Likely to Be in Focus

Banking, IT, and energy stocks are expected to remain in focus during today’s session. Companies linked to commodities and oil markets may also witness increased volatility depending on global price movements.

Trading Strategy for Investors

Experts advise traders to adopt a cautious approach despite the positive opening signals. Maintaining strict stop-loss levels and focusing on fundamentally strong stocks may help manage volatility during the session.

The strong jump in GIFT Nifty suggests that Dalal Street could begin the day on a firm note, though global developments will continue to influence market direction.