Nasdaq closed 1.7% up on Friday and Dow also closed nearly 1% up on Friday but early morning cues are not very positive in Nasdaq while Indian markets opening near resistance with FINNIFTY expiry today. Lets decipher the data for today
SGX Nifty
SGX Nifty indicating a mild positive opening if we open near 17400-420 it is a resistance zone and we may see some fall till Fridays closing around 17360.
Nifty and Bank Nifty levels based on chart
Nifty Resistance at 17420 Support at 17360
Bank Nifty resistance at 40680 support at 40220-40 zone
Nifty Bank Nifty Finnifty levels based on OI
Nifty has support at 17300 and resistance at 17400 based on OI
Bank Nifty has support at 40500 and resistance at 41000 based on OI
FINNIFTY has support at 18000 while resistance at 18200
FII data Analysis
Retails have carried bearish positions which they may be forced to close in early trade and post that some fall in second half if US markets continue to fall. Not related much but Crypto is seeing some fall
Stocks in Action
Happy Trading !!!
