PRE MARKET: NIFTY & BANKNIFTY BELOW SUPPORTS BUT PCR IS....
Crude oil continues to surge and has crossed the $100/barrel mark, reigniting global inflation fears. At the same time, Wall Street has also started showing weakness as investors worry that higher energy prices could keep inflation elevated and complicate the interest-rate outlook.
But there is one interesting counter-signal:
PCR has moved into a very low zone.
Could that trigger a short-covering bounce?
------>CRUDE OIL — THE BIGGEST PROBLEM
Brent crude has moved above $100/barrel, its highest closing level since May, while WTI is also trading near multi-month highs.
This is becoming a global inflation problem.
##🇺🇸 WALL STREET ALSO STARTS TO CRACK
The rising oil prices are now beginning to impact global risk sentiment.
Wednesday's Close
• Dow Jones: -0.77%
• S&P 500: -0.48%
• Nasdaq: -0.64%
The weakness came as crude crossed $100 and investors became increasingly concerned about the inflationary impact of the oil shock.
##FII / DII ACTIVITY — 9 SEPTEMBER 2026
Cash Market
• FII: -₹582.99 crore
• DII: +₹1,509.04 crore
FII Derivatives
• Index Futures: -₹2,258.08 crore
• Index Options: -₹4,739.85 crore
• Stock Futures: -₹1,333.41 crore
• Stock Options: +₹608.14 crore
The message is fairly clear:
FIIs remain cautious, while DIIs continue to absorb part of the selling.
------>PCR — THE ONE HOPE FOR BULLS?
Nifty PCR: 0.59
Bank Nifty PCR: 0.89
Nifty PCR at 0.59 is extremely low and reflects heavily cautious/bearish options positioning.
But after a sharp fall, extremely low PCR can create the conditions for:
Short Covering → Intraday Recovery → Technical Bounce
@@STOCKS LIKELY TO REMAIN UNDER PRESSURE