GIFT Nifty up 25 points; here's the trading setup for today's session

"Overall we expect the market to continue its consolidation mode with stock-specific action given the earning season is in full swing. All eyes will be on the US Q2 GDP data that will be released late today. Thus, markets would take cues from their peers," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.