- US markets all three indices closed higher
- Asian markets trading higher
- SGX Nifty indicating a gap-up of 140 points need to see if the gap-up gets sustained if it holds in 1st hour huge short covering rally possible
- Weekly options expiry today
- FIIs net sold shares worth Rs 802.81 crore while DIIs net sold shares worth Rs 998.69 crore
- RBI’s monetary policy tomorrow
- Earnings season starts with TCS tomorrow
- Brent crude slips from recent highs
- Dollar Index still uncomfortably placed at 94.25, Indian Rupee close to 75/$ mark
- Yesterday’s decline has again tested 20 DMA on Nifty
- Nifty’s low 17,613, current 20 DMA: 17,600
- Nifty now has now formed a trading range of 17,550-18,000
- Despite yesterday’s fall, HDFC Bank looked very strong and could lead Bank Nifty move
- Looking at OI combined of 17,900 and 18,000 CE has OI of 1.5cr indicating strong resistance around that levels
- Nifty PCR 1.45 and Bank Nifty PCR 0.98
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- Email: info@masterniftyoption.com
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