Wall street had another quite session, NASDAQ underperform as market awaits tech earnings. Crude moves higher, gold recovers from recent low & Dollar index at 101 level.
F&O data: FII added fresh long in index futures, net addition by 12272 contracts in index futures. FII long: short position now stands at 43.79%:56.21%.
Many corporate earnings in US & INDIA will continue to drive market and we expect some volatility ahead of F&O expiry on Thursday.
VIX @ 11.67: trading near lower end of the range.
Approach on Indices: with final F&O expiry this Thursday, indices do indicate further upside once as Banknifty has given positive break-out and Nifty near its high. Any correction today or tomorrow could be considered as buying opportunity.
Stocks in focus: CANBK, AEGISCHEM, TITAN & CENTURYTEX.
SGX Nifty @ 17779 up 20 points at 8:05 AM