- US markets were closed yesterday
- Asian markets trading mixed
- SGX Nifty indicating a flat start with 6 points gain
- FIIs net sold shares worth Rs 589.36 crore while DIIs net purchased shares worth Rs 547.31 crore
- FIIs net sold for first time after selling after buying for last few days need to check if they continue to sell to indicate a trend reversal
- Bank Nifty continues to underperform facing stiff resistance around all time highs 20 DMA at 36,000
- Reliance, Infosys contributed to all Nifty gains yesterday
- Nifty 17,430 yesterdays high may become a resistance for now
- Steel prices were higher by 11% yesterday hence all Steel stocks will be in focus particularly TataSteel, JSW Steel and SAIL
- Nifty PCR 1.30 and Bank Nifty PCR 1.01
- Call us: 8770023116
- Email: info@masterniftyoption.com
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