Wall Street recovered as market digest recent news and fears ease, TESLA recovered on better-than-expected forward guidance, close @ $197.58 up by 7.82%.
US Fed meeting outcome tonight, Indian market will react to outcome tomorrow, US Fed expected to increase 25-bps and commentary will be key driver.
Asian market rally ahead of US Fed event as risk-on sentiment continues.
F&O data: FII net short by 195500 contracts in index futures, it is 35% of total outstanding position in Index futures.
Approach on Indices: Indices in last few days was trading lower on back of banking crisis, bounce back from oversold zone. Any positive trigger from US Fed meeting could lead short covering rally on Nifty @ 17565 & Banknifty @ 41567.
SGX Nifty @ 17180.50 up 36.50 points at 8:40 AM