Dynamic Levels' Market Outlook:
US Federal Reserve will announce its monetary policy on March 21, 2018 at 11:30 PM; the Fed is highly expected to hike its interest rates by 25 basis points. US 3 month treasury is trading at 1.77 and current interest rate in US is 1.50, this is signaling a rate hike by 25 basis points.
FII & PRO has build short position in Options by 1 lakh contract on Friday as shown in table below, double than its average daily trading of 43 thousand contracts. Today If Nifty and Small cap Index trades below its PDL of 10180 and 8099 respectively by breaching 20- 30 points we might see further
selling pressure in the market.
Nifty Future is opening gap down by 14 points against Friday’s close 10238 as indicated by SGX Nifty which is currently trading at 10224.
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