- US Markets closed higher however post market Nasdaq futures crashed down over 330 points after Meta and Spotify shares plunged in after hours trade on poor earnings, especially Meta (Facebook)
- Asian markets trading mixed
- SGX Nifty indicating flat opening with 18 points cut
- FIIs net sold shares worth Rs 183.60 crore while DIIs net bought shares worth Rs 425.96 crore
- FII cash selling has dipped and have started to cover F&O shorts
- HDFC will be reacting to results today both HFDC twins needs to watched very closely for any direction
- Nifty now has moved towards 20 DMA
- Nifty Bank very strong, trading above all major averages Nifty Bank has some resistance in 39,500-39,600 zone
- Looking at OI 17,800 has highest call OI indicating immediate resistance any move above 17,800 can have huge short covering