- US markets ended mixed with Dow and S&P 500 slightly higher and Nasdaq slightly lower
- Fed minutes indicated that accommodative policy will continue
- Here in India, RBI Governor came out with Indian style of QE
- Today Nifty future level to watch is yesterday’s high of 14950.
- There was huge addition of OI at 14800PE and 14700PE
- Bank Nifty saw huge addition of OI at 32000PE
- Weekly expiry today, options data would be critical
- Heavy unwinding seen at 14,800 Call but 14,900 Call has big Open Interest
- 14,900 Call has Open Interest of 32 lakh, premium at Rs 32
- Next week, most IT companies declare results, Next Saturday HDFC Bank declares results
- Nifty future may trade between 14800 and 15000
Nifty/BankNifty 8 April 21
Nifty : 14819 A Gap up 2day
Rest: 15000 & 15065
Sup: 14690 & 14610
PCR: 1.69
Banknifty : 32991
Rest: 33350 & 33840
Sup: 32465 & 32140
PCR: 0.87