It was a day, we saw some relief to breath. Actually market spent more time between 15800-900 range. FIIs & DIIs were trying to influence by selling and buying stocks. Despite FIIs sold aprox 1800 Crs, while DIIs baught aprox 1400 Crs. DIIs were trying to pull the market up and FIIs intend to dragged down. But it was really volatile. I think FIIs covered short sell,so nifty future closed with premium. China iip data came - ve due to lockdown in the last month, but now China started to give relaxation from lockdown.
U S VIX declined by 10 %, a good reason for mkt, but by the end of the day India VIX rosed cause of hige volatility. 15700- 16000 Can be the range for nifty as of now and 34000 may act as hurdle for Bnf for tommorow
LIC is going to listed tommorow, bigger eyes keenly watching listing price. Can't open with huge premium but government wants to open in Green only..let's see...
Still market is not in a bullish mood, selling pressure is imminent at rise.
Signing off for the day with a smile and hope to see the mkt in Green 💐