PRE MARKET REPORT, JUNE 18, 2021

US Markets, DOW was down and Nasdaq closed higher Asian markets trading mixed SGX Nifty indicating a gap-up of 70+ points FIIs net sold shares worth Rs 879.73 crore and DIIs net bought shares worth Rs 45.24 crore FIIs are long 77% in futures 15,600 now becomes sacrosanct stop for near term traders Short covering […]

PRE MARKET REPORT, JUNE 17, 2021

US Fed moves up timing of first rate hike on inflation fear Dollar Index at 91.5 and US bond yield at 1.58 US Markets have fallen and Asian markets trading lower SGX Nifty indicating gap down of over 100 points Big question: Are emerging markets now due for a fall? Both FIIs and DIIs sold[…..]

PRE MARKET REPORT, JUNE 16, 2021

US markets both Dow and Nasdaq closed on down sideFresh guidance from the U.S. Federal Reserve later todayAsian markets are trading down sideSGX Nifty indicating a cut of 24 pointsFIIs net bought shares worth Rs 633.69 crore DIIs net sold shares worth Rs 649.29 croreFIIs long on Index futures remains same around 82%After underperforming for[…..]

PRE MARKET REPORT, JUNE 15, 2021

US markets Dow Jones closed marginally lower and Nasadaq closed higher Asian markets trading higher SGX Nifty indicating a flat opening FIIs net sold shares worth Rs 503.51 crore, unwind some long positions and DIIs net purchased shares worth Rs 544.26 crore Overall texture still remains “Buy on dips” but markets has clearly given a[…..]