Gift Nifty points towards a strong positive opening as global markets cheer easing geopolitical tensions, positive U.S. futures and strength across Asian markets.
Nifty closed at 23,162 and continues to trade below all major moving averages from 20-DMA to 200-DMA, confirming that the broader trend remains bearish.
Positive global cues led by optimism surrounding the expected IPO of SpaceX and stronger US futures may support sentiment at the opening.
Gold rebounded sharply above $4,200 after optimism emerged regarding a possible US-Iran peace agreement.
Crude oil slipped toward $86 per barrel after President Donald Trump indicated that a US-Iran peace agreement could be reached soon.
