Global Markets
US stock markets are closed today (Labour Day).
Futures for the Dow: +10 points
Asia-Pacific markets:
(Adjusted) GIFT Nifty: -17 points
Data Analysis
Cash Market |
F&O |
|
FII : -3368cr |
Nifty PCR: 1.37 vs 1.30 |
| DII : +2563cr |
Highest OI (07-Sept-23): |
| Net : -805cr |
19700CE & 19400PE |
Technical Outlook
Nifty (Spot)
- Nifty is able to close above the 20 and 50 DMA cluster.
- To grow more strength, it must pass the 19600 level, though.
- Now, weakness may return below the 20-DMA of 19400, which will serve as an immediate support level.
Bank Nifty (Spot)
- Banknifty closed above the 20-DMA and respected the 100-DMA.
- The 44800-45000 range is a crucial resistance level; over it, a rally for short-covering is likely to occur.
- A crucial and immediate support level is 44000; below this, weakness may recur.
