- US Markets closed lower on Wednesday
- Asian markets trading lower
- SGX Nifty indicating negative start with 60 points cut
- Brent crude back to $123/bbl and Dollar index making move towards 99 again
- FIIs net bought worth Rs 481.33 crore while DIIs net sold worth Rs 294.23 crore
- Nifty again falling from congestion zone as mentioned earlier 17,500 now becomes very critical
- Nifty 200 DMA around 17,000 remains immediate support with option data also suggesting the same
- Bank Nifty continues to reject 200 DMA of 36,700 for the last four sessions indicating it may now possible test 20 DMA 35,320
- All consumption related stocks Britannia, HUL Nestle, Asian Paints down by 4-8% this week
- Weekly expiry today markets to remain volatile till it takes out congestion zone of around 17,500/600
- Nifty PCR 0.84
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