NIFTY in  TIGHT ZONE

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What happened yesterday?             

NIFTY remains flat after the initial 100+ rally stays at 25,127.95(0.66%)        

The annual inflation rate in India rose to 5.49% in September of 2024 from 3.65% in the previous month, well above market estimates of 5%.              

The Dow Jones Industrial Average and the S&P 500 stretched their record closing run Monday as traders awaited key corporate earnings scheduled for later in the week. The S&P 500 rose 0.8% to 5,859.9, while the Dow increased 0.5% to 43,065.2, closing above 43,000 for the first time. The Nasdaq Composite advanced 0.9% to 18,502.7. Barring energy, all sectors notched gains, led by technology and utilities. 

What to expect today?   

Asian markets are trading mostly in green, with Japan +1.55%  

US Futures trading flat +0.04%  

GIFT NIFTY is trading flat at +0.02%, up by 18 points  

All the factors indicating a gap up opening in the market.  

 NIFTY has created a context FVG till 24,980 and a good resistance at 25,333. In NIFTY high amount of call OI at 26,000 and put OI at 25000, PCR at 0.7. NIFTY FUT indicating SHORT COVERING  

 Foreign Institutional Investors net-sold shares worth  Rs -3,731.59 crores.  

 Domestic Institutional Investors net-bought shares worth Rs 2,278.09 crores.  

 INDIA VIX fell to 12.9950  

 All the best for the day.