Wall Street ended mix, with DOW30 down by 0.56% while S&P500 and NASDAQ was flat. US market witness some profit booking after Core PCE index & ISM manufacturing came below estimate.
GST collection @ 1.46 lakh crores in November 2022, up 11% compared to last year. India’s PMI at 3-month high @ 55.7 in November from 55.3 in October.
Windfall profit tax cut on domestic crude oil production by rupees 4900 per ton and cut in diesel price on export by 2.50 per litre.
F&O data: FII net long @ 75%, Index futures net 96942 contracts long. Nifty PCR @ 1.27.
Approach on Indices: Nifty @ 18620 & Banknifty @ 42703 could be act as support and level for fresh entry. RSI on Nifty & Banknifty indicate overbought zone. Nifty @ 18919 & Banknifty @ 44003 remains upside target / resistance level.
SGX Nifty @ 18922.50 down 53 points at 7:55 AM.