- US markets finally closed higher after 5 days of loosing streak
- Today evening US inflation data will be coming out
- Asian markets are trading mixed
- SGX Nifty indicating a positive start with 45 points gain
- Nifty indicating a open around all time high 17,436
- FIIs net bought shares worth Rs 1,419.31 crore while DIIs net sold shares worth Rs 559.59 crore
- Bank Nifty continues to underperform but defends 20 DMA (36,130)
- Nifty has shown clear signs of support around 17250-17,300 zone
- Nifty has been closing +20/-20 points for the last 5 days indicating a clear consolidation however intraday volatility is very high
- Risk reward not in favour of buying a gap-up need to see if the gap-up is sustained
- Nifty might trade between 17,320 to 17,450
- Nifty PCR 1.35 and Bank Nifty PCR 0.92
- Call us: 8770023116
- Email: info@masterniftyoption.com
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