Today’s view on Indices: SGX Nifty was trading above 15900 level on back of strong US market cues, today’s opening indicates flat opening. We expect sell-off in opening as Indices trade near important support level & around levels seen in March 2022.
As we have mentioned in our weekly report, we remain highly cautious with a high probability of Indices testing lower level before any significant bounce back in seen. LIC IPO listing tomorrow. Trade this week with due risk assessment.
Geopolitical news: Finland & Sweden to apply for NATO membership. Russia had earlier warned Finland & Sweden against joining NATO.
SGX Nifty @ 15785.50 up 13.50 points at 8:05 AM. & DOW30 future down around 200 points.
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