CUES FOR TODAY
- Wall St ends higher on US-China trade deal expectations
- Gift Nifty suggests flattish start at open
- All eyes on US Consumer Inflation Data tonight
KEY Q: After an upward adjustment post RBI Policy, has market begun to consolidate again?
WALL ST OVERNIGHT
- Dow +0.25%
- S&P 500 +0.55%
- Nasdaq +0.63%
US-CHINA DEAL:
- U.S. and Chinese officials reached a consensus on trade after a second day of talks in London
- Street awaits key details of the deal
ALL EYES ON:
- US Consumer Inflation for May due today
- Economists expect 0.2% MoM and 2.4% YoY increase
US MACROS
10Y Yield 4.46%
Brent $66.6
Dollar Index 99
INDIAN INDICES YESTERDAY
- Nifty virtually unchanged as IT stocks support, Banks underperform
CASH MARKET
DII +1113 Cr
FII +2302 Cr
F&O CUES
- FIIs bought 560 Cr in Index Futures
- FIIs covered ~3000 short contracts
- FII Longs at 20%, Shorts at 80%
- Index Options suggest range at 25000-25250
- Nifty Major Support at 20 DMA: 24833
- Nifty Bank: Broad Range at 56500-57500
Stocks in Focus