- US markets ended slightly higher after turbulent week
- Asian markets trading flat
- SGX Nifty indicating a gap-up opening with 90 points gain
- FIIs net acquired shares worth Rs 442.49 crore while DIIs net sold shares worth Rs 515.85 crore
- Global markets have factored in worst of Evergrande issue
- India VIX moved up by 2.45% from 16.49 to 17
- Nifty immediate support at 17,777 and upside at 18,100
- Looking at OI 17,800,700,600 have significant put writing but 18,000 call option has been sold aggressively
- If for some reason markets shoots up and if 18,000 call writers need to run for cover that can take Nifty to 18,100-18,200
- Auto sector needs to be watched closely Auto has been underperforming for quite some time now
- Semi-conductor issue looks to get resolved very soon good to watch Auto for long term
- Metal stocks may be up for some recovery in metal stocks today
- Nifty PCR 0.94 and Bank Nifty PCR 1.02
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