CUES FOR TODAY
- Good Close on Wall St overnight
- Gift Nifty implied open +50 Pts
- Weekly Expiry Tomorrow, RBI Policy on Friday
- All eyes on Trump-Xi Call for trade talks
- Is a bounce around the corner?
WALL ST OVERNIGHT:
- Dow Jones +0.51%
- S&P 500 +0.58%
- Nasdaq +0.81%
NIFTY
- Consolidating b/w 24500-24850
NIFTY BANK
- Saw profit booking from record high of 56161 yesterday
CASH MARKET FLOWS
- FII -2854 Cr
- DII +5908 Cr
FIIS IN INDEX FUTURES
- FIIs sell 2547 Cr in Index Futures
- FII Net Exposure crosses -1.03 lk contracts
IS A BOUNCE AROUND THE CORNER?
- FII Longs at 16%; Shorts at 84%
- Nifty PCR at 0.64 vs 0.82, lower end of the band
- If Nifty crosses 20 DMA of 24713, perhaps shorts will get squeezed
STOCKS IN FOCUS