CUES FOR TODAY
- Nifty -350 Pts yesterday after gaining 900 points earlier
- FIIs sell in Cash, Index Futures and Stock Futures
- Wall St Indices turn positive for the year
- Crude spikes to $66
- Gift Nifty +90 Pts at open
Key Q: Are we likely to consolidate in a range?
Wall Street Overnight
- Dow -0.6%
- S&P +0.7%
- Nasdaq +1.6%
Nvidia +5%
- Would send 18,000 chips to Saudi Arabia
Indian Indices
- Midcaps +0.2% yesterday, Domestic Institutions bought
Cash Flows
DII +4274 Cr
FII -477 Cr
FIIs in F&O
- FIIs Net Sell 6668 Cr in Index Futures
- FIIs unwound 25340 Longs, added 11313 shorts in Index Futures
- FIIs net exposure at -36500 contracts in Index Futures
- FII longs drop from 50% to 38% in one session
- FIIs also sold 7240 Cr in Stock Futures
Options Data Suggests
- Nifty Resistance at 24,700-24,800 and support near 24,500
- 55,000 crucial zone for Nifty Bank to bounce
- Nifty PCR drops to 0.85 from 1.29
Stocks in Focus
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