What Factors to Watch ?
Global sentiment remains weak for 4th day as AI related sell-off comes-led by Oracle’s debt concerns but US futures got some help as Micron gave an upbeat forecast
Gold rises 1%-above $4330/oz on softer US labour data, Venezuela tensions+ Silver hits record high-short squeeze up 5%-goes above $66/oz (Hind Zinc)
US CPI data releases tonight-proper view will come for Fed rate cut trajectory for 2026-Fed spokesperson bullish on rate cuts-US yield at 4.14%, Dollar Index largely unchanged at 98.4
Bank of Japan set to raise rates tomorrow morning as Risk off sentiment continues-Threat of yen unwind trade looms-Japanese yields near 2%- Japan is the largest foreign holder of US Treasury bonds at $1.2 trillion-as yen continues to be strong
Big swings in Bitcoin-$140bn swing seen in 2 hours-ahead of BoJ meet-below $87k
RBI interventions-trying to stabilize volatile Rupee (Range 89-91)
Nifty, Nifty Bank-seeing negative sentiment for last 3 sessions-short covering likely on Sensex expiry day..50EMA becomes key congestion levels-AVOID ANY TRADE ATLEAST TILL TOMORROW MORNING SESSION
FII shorts at 92%-highest in series but FII turns net buyers after 14 sessions (block impact of Akzo Nobel/Ola also there)
Technical indicators showing oversold status as India VIX closes below 10-Lack of activity in options market
Key Longs-Select Consumer Durables