As per previous day's trading nifty closed at 4971-26 points.
Over all view: Today is event day i.e., RBI credit policy. Previous day all bank stocks were down. As the settlement is very nearer and as seen from very high buildup in 4900 puts markets may not fall below this level but may not cross above 5050. Trading is intraday as per 5 day charts. But, over all international markets are showing loss of steam.
- FII data shows that a small selling in cash markets and balanced trading in F&O.
- Nifty futures net addition ove 7 lakhs.
- Option writings are showing a small downward bias but support at 4900 above.
- US markets opened in green, showed steam but lost sharply to close in deep red.
- Global markets are -ve.
- SGX nifty -ve.
Over all view: Today is event day i.e., RBI credit policy. Previous day all bank stocks were down. As the settlement is very nearer and as seen from very high buildup in 4900 puts markets may not fall below this level but may not cross above 5050. Trading is intraday as per 5 day charts. But, over all international markets are showing loss of steam.
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