Wall Street ended with minor cuts as Fed officials insisted on tight monitory policy to continue, Fed governor Christopher Waller pushed back on investor bet of pause on rate hike.
India ‘s CPI inflation came at 6.77%, at 3-months low on base effect Vs estimate of 6.70%. WPI Inflation came at 8.4%
Q2FY23 result season ends yesterday, market near all time high will take cues from global market for further direction.
VIX @ 14.91: expect to be in range of 14 – 16.
Approach on Indices: Indices are facing supply near upper end of the range on Nifty @ 18498 & Banknifty @ 42383. We expect Indices to test this level but prefer to book profit / reduce exposure around this level. Fresh entry preferred on Nifty @ 18175 & Banknifty @ 41508.
SGX Nifty @ 18430.50 up 53 points at 8:10 AM