CB consumer confidence for June month came at 98.4 which is lower than previous month reading 100.4. This data is important because it shows how confident consumers are about economy. I clearly mentioned yesterday's morning briefing. This is why, US market fell from high and Indian market is also expected to open with gap down. Crude and metals are also trying to rebound which is again negative for the market.
Technically, 15600-15650 will be support for today where traders can go for buy side position. On higher side, 15900-15920 range is resistance zone. where selling can be done. Trade with strict stop loss because volatility will increase ahead of expiry.
PCR is at 0.98 and FIIs long position in index stand at 25% which are neutral
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