- US Markets closed higher on Thursday with Dow closing 1.6% higher and Nasdaq closing 2.6% higher
- Asian markets trading higher
- SGX Nifty indicating gap-up opening with 90 points gain
- FIIs net sold worth worth Rs 1,597.84 crore while DIIs net bought worth Rs 2,906.46 crore
- BankNifty managed to close above 20 DMA 34,570 indicating good momentum
- Nifty still trading below 20 DMA of 16,268 any good up move will come if Nifty manages to trade above 20 DMA
- Looking at OI 16,000/100 looks like immediate support and 16300/400 immediate resistance
- Rollover stats indicate that shorts have been rolled over
- For shorts gets to get squeezed Nifty needs to trade above 16,270
- Bank Nifty option data suggests 35,000 as immediate support and resistance around 35,500
- Market’s leadership has changed from IT to Banks
- Call us: 8770023116
- Email: info@masterniftyoption.com
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