Dollar Index touched 110.255 before, highest level seen since 2002 before cooling off below 110 again. ECB meeting on 8-Sep-22 is next key event for EURO.
FT: Russia hold gas supply to Europe until western sanctions lifted. OPEC+ in a surprise move cut output target by 100,000 BPD from October 2022.
VIX @ 19.66: continue to trade at elevated level but below 20.
Approach on Indices: Banknifty have given fresh breakout and we expect further upside on Banknifty. Nifty resistance zone is 17775 to 17975 level, Nifty break-out needed for broad base rally.
Market View: Global cues will continue to drive sentiment. We would continue to focus on Mid-cap & Small-cap and domestic economy stock such as Banks and infrastructure.
SGX Nifty @ 17690 up 5.50 points at 7:55 AM