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BNf held up a bit better and It’s taking support from the middle of the channel, which might offer some cushion — but momentum is still weak
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View neutral to bearish, If the market gives a bounce, we’ll look to sell on upticks. No signs of strong demand yet
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PCR is 1.22 around ATM and 0.6 overall – not reliable The 22,000 PE had existing OI from previous sessions, and there’s no aggressive new put writing seen- which means no real bottoming signs yet
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Sectors like metals and pharma were the worst hit, Metals fell over 6.7%, pharma and IT followed suit. Big names like HDFC Bank, ICICI Bank, and Reliance all slipped by 3.5%+
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Yesterday wasn’t pretty. The Indian stock market took a heavy hit —the biggest single-day fall in nearly 10 months.
