- US markets closed lower yesterday on back-off economic uncertainties and likelihood of corporate tax hike
- Dow has fallen continuously for last 7 days clearly indicating profit booking in US markets
- Asian markets mostly trading lower
- SGX Nifty indicating a flat opening with 14 points gain
- FIIs net bought shares worth Rs 1,649.60 crore while DIIs net sold shares worth Rs 310.31 crore
- Broader markets were really good yesterday
- Some relief package being worked out for Idea hence banks related are performing well IndusInd and Kotak Bank
- Nifty again closed 25 points higher it has been the trend for last so many days +25/-25 clear signs of consolidation
- Reliance, HDFC Twins and Infosys have been looking sluggish
- Despite that Nifty has been trading between 17,250 and 17,420 and within those 200 points market has been volatile
- Looking at OI 17,400 call option has been written aggressively
- Markets likely to be volatile today as observed Wednesday ahead of weekly expiry are very volatile
- Nifty PCR 1.47 and Bank Nifty PCR 0.94
- Call us: 8770023116
- Email: info@masterniftyoption.com
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