Welcome to EP16 of Trade Setup with Tanmay, your 5-minute pre-market podcast before the chaos begins.

Markets open flat with Gift Nifty at 24,803, down 36 points. The setup remains cautious ahead of the key Fed decision tonight. FIIs continue to sell for the eighth straight day, while DII flows support the market. Earnings, global cues, and sector rotations are setting the tone.

Global Markets

US indices touched record highs before paring gains.

Nasdaq: 21,098 (-18 pts)

S&P 500: 6,370.86 (-18 pts)

Dow Futures: +53 pts

Europe closed strong

FTSE: +50 pts

CAC: +56 pts

DAX: +247 pts

Asia this morning is mixed

Taiwan, Kospi, Shanghai, Jakarta: positive

Hang Seng, Nikkei: down

Gift Nifty: 24,803 (-38 pts) at 8 AM IST

Commodities and Curren ...