- US markets closed at all time high. but Asian markets are not sharing that optimism
- SGX Nifty is slightly down
- Yesterday FIIs have sold for about Rs 932 crores in Cash market and DIIs have bought just for Rs 75 crores
- FIIs sold aggressively in Index futures, add fresh shorts
- Yesterday’s price action gives a range of 14,450-14,850 in near term
- India VIX was up 15% at one point, up only about 6%.
- One good thing about short selling, if there is any positive trigger (may be RBI Policy and RBI Governor’s comment about Economy), short covering will happen
- Nifty future may trade between 14600 and 14850
Nifty/BankNifty 6 April 21
Nifty : 14867
Rest: 15000 & 15065
Sup: 14705 & 14675
PCR: 1.66
Banknifty : 33858
Rest: 34230 & 34325
Sup: 33500 & 33250
PCR: 0.9