PRE MARKET REPORT, MAY 12, 2021

Yesterday Dow fell more than Nasdaq. Dow fell more than 600 points at some point and closed more than 400 points down. SGX Nifty is down by about 40 points. Stock specific action is likely to continue due to MSCI rejig Many stocks are added and few got deleted from MSCI index. Yesterday our market […]

PRE MARKET REPORT, MAY 11, 2021

US markets fell due to profit booking WHO classifies triple-mutant Covid variant from India as global health risk. Asian markets are all down Japan index is down by more than 700 points SGX Nifty is down by about 200 points So we are back to square, in the trading range of 14200-15000 Even yesterday, markets[…..]

PRE MARKET REPORT, MAY 10, 2021

On Friday, US jobs data came much lower than expected So markets shot up in US on Friday as interest rates may continue to be lower SGX Nifty is trading around 15K This week, Inflation data, IIP data may help Bank Nifty to move higher. Bank Nifty has been under performing Now FIIs have turned[…..]

PRE MARKET REPORT, MAY 07, 2021

US markets closed at another record high Asian markets are positive SGX Nifty is higher by about 65 points Today HDFC is set to declare results, HDFC Twins will be in focus FIIs are 51% long and 49% short in Index Futures They are 59% long and 41% short in Stock Futures As long as[…..]