- US Markets closed sharply lower on Thursday with Nasdaq falling 2.5%
- Asian markets mostly trading lower mostly 1% down
- SGX Nifty indicating negative opening with 75 points cut
- FIIs net sold shares worth Rs 1,390.85 crore while DIIs net purchased shares worth Rs 1,065.32 crore
- FIIs aggressive selling over last 2 days and clearly visible looking at HDFC Bank selling pressure ahead of results
- HDFC Bank results tomorrow, most important trigger for now
- Looking at OI 18,500 call option has highest OI indicating stiff resistance with 18,300 and 18.400 having significant call option OI
- 18,000/100/200 still has significant put option OI showing immediate support around these levels
- Key stock to watch is HDFC Bank which will set the tone next week for Bank Nifty
- Call us: 8770023116
- Email: info@masterniftyoption.com
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