Wall Street ended volatile session with minor cuts, turning into green & red with more than 2% difference during the day as inflation data remains mix.
US CPI actual @ 6.4% Vs estimate of 6.2%, previous @ 6.5%.
US Core CPI actual @ 5.6% Vs estimate of 5.5%, previous @ 5.7%.
F&O data: FII covered short in index futures, net long by 41077 contracts yesterday. Nifty PCR @ 1.16 Vs 0.83 previous.
VIX @ 13.45: continue to indicate low volatility & range bound.
Approach on Indices: SGX Nifty indicate muted opening around 50 – 70 points down, Indices will open around 20-DMA, yesterday’s chart closing shows positive setup but again likely to failed to get follow through move. Indices continue to remain in narrow range.
SGX Nifty @ 17874.50 down 53 points at 8:05 AM