FIIs data is looking speculative.
They have made good long position in index future worth of 1828 Cr still index is down by 0.5%.
Their net long has increased from 33% to 40%.
Due to Amazon good result, American market is looking flat but I'm expecting a huge fall in dow jones by Monday/Tuesday.
Crude oil is above $93 per barrel which is level of Oct 2014.
Crude oil prices become important if it goes above a certain levels and this time $93 is not good for economy.
If we consider today's fall in SBIN of 2%, it seems like result will not satisfy market expectations.
Sbin can touch 500 levels in coming days.
Probably banknifty will try to touch budget day low which is 37700.
*If you have gained something informatic give a thumb up to this post.
Your likes motivate us to do better research.
❮
❯
