Wall Street had a quite session as extended holiday mood due to Easter holiday in all major European market. Major set of economic data are due from 12-Apr-23, US CPI & Core CPI data & Fed minutes.
F&O data: FII continue to cove short position, net addition in index futures contract by 21138 on Monday, Net short position is now at 85121 contracts.
BITCOIN cross above $30,000 mark. Gold continues to trade above $2000 mark.
VIX @ 12.27: expect to move towards 14.
Approach on Indices: Indices are showing some sign of fatigue at higher level and needs fresh trigger. Nifty @ 17799 & Banknifty @ 41625 remain our next target level and expect some consolidation post this target levels are tested.
Market View: Going into trade on Tuesday morning with limited global cues ahead of key data due from tomorrow and result season to start with TCS to declare result from 12-Apr-23.
Stocks in Focus: KOTAKBANK, DLF, OBEROIRLTY & SBIN with positive view. IT stocks could remain under pressure ahead of IT earnings from tomorrow.
SGX Nifty @ 17722.50 up 37.50 points at 8:05 AM