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DEEPAK PAL

10th Jul · SEBI-Registered Analyst

PRE MARKET REPORT----> Gift Nifty Higher,
TCS
Kicks Off Earnings Season ; IT and Metals Take Center Stage

The market is set for a positive start today as supportive global cues, strong IT sentiment and easing crude oil prices improve investor confidence. Gift Nifty is trading higher, indicating a firm opening, while the spotlight is likely to remain on IT and Metal stocks throughout the session. ##Positive Signals from US ADRs •

INFY
ADR traded higher •
WIPRO
ADR also witnessed positive traction This suggests investors are viewing
TCS
's commentary as a positive read-through for the broader IT sector. ##Crude Oil Starts Cooling Off Another positive development for the market is the moderation in crude oil prices. Lower crude prices are beneficial for India because they: ##Metals & IT STOCKS Back in Focus Global metal prices witnessed a recovery, which could bring metal stocks back into focus today.
INFY
WIPRO
TCS
PERSISTENT
TECHM
TATASTEEL
HINDALCO
SAIL
##Important Levels Nifty Support: 23800-23400 Resistance: 24000-24300 ##Bottom Line The market enters today's session with multiple positive triggers. A strong start to the IT earnings season, improving AI demand trends, softer crude oil and recovering metal prices are creating a supportive backdrop for equities.

#Today’sTradingSetup#StockInNews#Pre-OpeningCommentary#TechnicalViews#FundamentalViews
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