Global Markets
US stock markets: Dow Jones gains 184 points
Futures for the Dow: +26 points
Asia-Pacific markets:
GIFT Nifty: +80 points (Adjusted)
Data Analysis
Cash Market |
F&O |
|
FII : +614cr |
Nifty PCR: 1.05 vs 0.92 |
| DII : +125cr |
Highest OI (24-Aug-23): |
| Net : +739cr |
19600CE & 19300PE |
Technical Outlook
Nifty (Spot)
- After a gap higher, the 20-DMA of 19530 will be a significant barrier because Nifty formed a base at the 50-DMA.
- If Nifty is able to maintain above 19530, additional upward momentum is to be anticipated.
- The 50-DMA of 19350 will offer crucial support on the downside.
Bank Nifty (Spot)
- Banknifty established a base at the 100-DMA, where the 44700 clusters of the 50- and 20-DMA represent significant barriers.
- We can anticipate a short-covering rebound towards 45150 over 44700.
- On the downside, the current support range between 44200 and 44000 will be crucial and immediate.
