🌟 CUES FOR TODAY 🌟
📉 Last hour sell-off in the Indian market due to Weekly Options Expiry.
📈 Strong close on Wall Street following positive jobs data.
🇺🇸 US markets were closed for Independence Day.
🎁 Gift Nifty indicates a +15 points opening.
📊 Wall Street Overnight:
🟡 Dow: +0.7%
🔵 S&P: +0.8%
🟣 Nasdaq: +1%
US non-farm payroll data shows an addition of 1.47 lakh jobs in June, surpassing the expected 1.1 lakh. 💼
Indian indices experienced a sharp decline in the last hour due to weekly expiry. The key question today is whether the first hour will reverse yesterday's expiry-led decline. 🤔
💰 Cash Market Flows:
DII: +1333 Cr 📈
FII: -1481 Cr 📉
FIIs sold 2443 Cr in Index Futures, with FII longs decreasing from 37% to 29% over the last three sessions. 📉
Nifty's recent lows are around 24375, and highs are around 25600. The market expects this range to persist. 🔄
It's crucial to monitor Mid & Small caps today, as they typically perform well in the absence of FIIs. 📈
Also, keep an eye on Nifty IT:
A stronger US economy, Trump's significant spending bill, and Q1 earnings are expected to support stocks from lower levels. 💪
🔍 Other Stocks to Watch:
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