Nifty futures and Bank Nifty futures taken a steep fall from the peak and so far nifty is leading the fall compared to Bank Nifty futures. Current resistance zone on the hourly charts comes around 8287 and 18572. Closing above the resistance levels might turn the trend towards the upper side.
Nifty Options Open Interest
Key News Factors
The government has raised import tariff value on gold to $396 per 10 grams and on silver to $561 per kg in line with volatile global price trends.
The cabinet today approved the Constitution Amendment Bill on Goods and Services Tax (GST).
India VIX jumped 3.79% to 16.92. Markets Shows increase in Volatility.
Russian Rouble turmoil leads to Apple halting online sales in Russia.
USDINR Closed at 63.38.
Crude OIL Rallies 4% and Dow Jones Rallies 146 points ahead of FED announcement.
1 Rupee = 1 Russian Rouble