Wall Street ended mixed with DOW30 ended with gain of 0.39%, while S&P500 & NASDAQ ended in red.
F&O data – last week for February 2023 series: FII added net short position by 11340 contracts in Index futures.
Nifty PCR @ 0.88 Vs 1.04 previous. Banknifty PCR @ 0.60. Both indices PCR indicates in oversold zone, PCR could go further low.
Market this week remain will focus on F&O expiry with US Fed meeting minutes to be released on 22-Feb-23.
VIX @ 13.08: VIX made low of around 12, moving towards 14.
Approach on Indices: Indices would continue to trade in narrow range, downside from current level looks limited and could find support around Nifty @ 17817 & Banknifty around 40769. Indices around this support level could provide fresh entry opportunity.
SGX Nifty @ 17967.50 up 30.50 points at 8:00 AM