Key data points and information for markets
Here are some key data points and information for markets
1) Nifty Support 24550-24600
2) Nifty Supply zone 24750-24800
3) Nifty managed to hold above RSI 40 on daily charts
4) Although sentiments are weak
5) FIIs are selling on daily basis
6) India VIX
The India VIX, known as the market’s fear gauge, rose 0.95 percent to 11.4, but still remained in the lower zone. While this reflects stability in the market, it also serves as a cautionary signal, suggesting the possibility of a sharp move in either direction.
7) Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 0.99 on September 02, compared to 1.14 in the previous session.
The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market
8) Stock on radar -