Wall Street was closed yesterday. WALMART & CAPGEMINI are key results to watch out for today.
F&O data: FII added net short position by 7893 contracts in index futures. Nifty PCR @ 0.74 Vs previous @ 0.88. Banknifty PCR @ 0.54 Vs previous @ 0.60.
FII Long: Short exposure now stands at 21:94%: 78.06%.
F&O data indicate: market is in highly oversold zone.
VIX @ 13.38: heading towards 14, within comfortable level.
Approach on Indices: SGX Nifty indicate flat start, F&O data indicate market in oversold zone. Technical view showing possibility of short covering. We expect short covering on Nifty @ 18070 & Banknifty could bounce to 41999.
SGX Nifty @ 17855.50 down 9.50 points at 8:45 AM
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