- US Markets closed higher on Tuesday
- Asian markets trading higher
- SGX Nifty indicating gap-up of 110 points
- FIIs net sold shares worth Rs 21.79 crore while DIIs net bought shares worth Rs 1,597.70 crore
- FIIs have covered some stock shorts, cash selling also down
- No negative in budget, focus on capex stocks
- Nifty fell from 18,300 to 17,100 in 7 days on global cues
- Nifty has risen from 17,100 to 17,600 in 2 days
- Nifty has technically made a reverse head and shoulder pattern
- Looking at OI 17,500 has still has highest call OI premium at 175
- Nifty might make an attempt to move towards 20 DMA of 17,768
- Bank Nifty defended 20 DMA despite intra-day decline yesterday