The Indian stock market is set for a positive start on Tuesday, with benchmark indices Sensex and Nifty 50 likely to open higher following mixed global cues, including optimism around a potential US-China trade deal and expectations of a US Federal Reserve interest rate cut. The Gift Nifty was trading around 26,055, a premium of nearly 43 points from the previous close of Nifty futures, signaling a positive opening. On Monday, the Sensex surged 566.96 points (0.67%) to close at 84,778.84, while the Nifty 50 rose 170.90 points (0.66%) to settle at 25,966.05.

Technical analysts suggest further upside for the indices. Sensex formed a bullish candle on daily charts and a reversal formation on intraday charts, indicating a continuation of the uptrend. Immediate support is seen at 84,500, with resistance near 85,000–85,300, while a drop below 84,500 could trigger an intraday correction to 84,200–84,000. For Nifty 50, a long bullish candle on the daily chart points to an uptrend, with immediate support at 25,700 and resistance in the 26,300–26,400 range. Analysts note that Nifty remains below the trend line resistance and last week’s high of 26,100, which could act as a significant hurdle in the near term. Overall, market sentiment appears positive, driven by strong technical patterns and favorable global developments.