July 24/25

Global
  • Dow closed -200 points (0.77%) yesterday.
  • Asian markets are mixed.
  • Dow Futures are flat by -30 points. DAX, FTSE similarly flattish.
  • SGX is in green with 40 points.
Option chain
  • There was massive call unwinding across levels. Even at 11700.
  • Consequently, PCR is extremely high at 1.71 for this expiry. 

  • Nifty Bank PCR is at 0.69
FnO Data
  • FIIs seem to be all in bullish.
  • Pros also supporting them.
Charts & technicals
  • 22200 being 20DMA level.
Plan for today
  • Cabinet meeting today.
  • Stay careful.
  • Late for the blog. Take time. 

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