- US markets closed higher on Wednesday
- Asian markets so trading mixed
- SGX Nifty indicating a flat opening with 20 points cut
- Global cues stable ahead of Jackson Hole
- FIIs net sold shares worth Rs 1,071.83 crore and DIIs net sold shares worth Rs 151.39 crore
- FIIs so far have sold more than 8,000 crore and been have selling for the last seven consecutive sessions on an average of more than 1,000 crore every trading session
- Bank Nifty once again defended 20 DMA 35,570 on decline yesterday
- August series Nifty has moved up from 15,800 to 16,700 some profit booking on last trading session can be a possibility
- Nifty IT is up around 12% one of the major reasons for Nifty scaling higher
- Auto sectors are little bit disturbing Maruti is off 35% from highs and need to watched very closely
- F&O expiry today, options suggest 16,600-16,700 range
- Nifty PCR 0.99 and Bank Nifty PCR 1.03