Crude oil below January 2022 level on potential US-Iran deal. Natural Gas prices in US jumps 5%, highest since 2008.
US Economic data & Event: Retail sales & Core Retail sales and US FOMC meeting minutes to be released today.
Indian bond & Currency market will open after long weekend.
VIX @ 17.68: First sign of reversal will come from VIX. Will be watchful of move above 20.
Approach on Indices: Indices continue to rise without even a small reaction of 1% – 2%. We will continue to remain cautious, such uptrend seen in last 10 trading days is broken by sharp down move.
Market View: We continue to focus on Mid-Cap & Small-Cap to play momentum, as result season concludes we would focus on companies were earnings are positive and stocks are showing momentum of second round.
SGX Nifty @ 17898 up 42 points at 8:00 AM