Pre-Market Update | 25 Aug

 GIFT NIFTY: Down ~50 points, with liquidity looking relatively thin → cautious start indicated.

 USD/INR:  → Rupee continues to stabilise around the ₹95.7 zone.

 BRENT CRUDE: Around $94, nearly 1% higher from the previous close.

 US MARKETS: Wall Street was mixed rather than flat - S&P 500 -0.28%, Nasdaq -0.77%, while Dow gained 0.27%. US FUTURES: Largely flat at the moment.

 EUROPE: Futures are flat to mildly negative.

 ASIA: Broadly weak - technology concerns and caution ahead of Nvidia's results are weighing on sentiment. 

 GOLD & SILVER: Consolidating after the recent strong upmove.

 BTC CRYPTO up 2%

 Market Outlook
The global setup is tilted cautiously negative this morning. 

The combination of weak Asian markets, softer US tech stocks, elevated crude and renewed US-Iran tensions doesn't provide a very comfortable backdrop for Nifty. 

Weak global cues, but domestic liquidity could keep the bears from having it all their way. Let's see what the opening 15–30 minutes tells us.

Support: 24,150 — 24,100 — 24,000
 Resistance: 24,300 — 24,350 — 24,450

 Bullish: Above 24,300
 Panic: Under 24,100

Previous Close (24 August): 24,219.05

Today is monthly F&O expiry, expect higher volatility.

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