- US Markets closed at record highs
- Asian markets mostly trading higher
- SGX Nifty indicating a gap-up of 75 points
- Nifty indicating to open at record highs
- FIIs net sold shares worth Rs 1,644.91 crore while DIIs net bought shares worth Rs 2,380.05 crore
- Yesterday there was a news that Iron Ore prices short up by 6% that’s why all the metal stocks after a recent sell-off all short up
- Most of the commodities stocks are trading higher
- Its been observed historically Wednesday trades are generally huge volatility ahead of expiry
- Bank Nifty manages to take out 20 DMA on 2nd attempt
- Big buying in HDFC Bk, ICICI Bk, follow through would be key,Delivery volume of nearly Rs 1,000 cr in HDFC Bank
- Delivery volume of nearly Rs 1,000 cr in HDFC Bank
- Looking at OI just one day before 16,500, 16,600 , 16700 calls were written yesterday it was the opposite all the calls were unwound and more puts are written
- Yesterdays low of 16,500 can act as support and 16,700 as resistance
- Nifty PCR 0.94 and Bank Nifty PCR 0.86