PRE MARKET REPORT, JULY 16, 2021

US markets fell yesterday Asian markets trading in negative territory SGX Nifty indicating a positive start with with 30 points gain FIIs net sold shares worth Rs 264.77 crore while DIIs net purchased shares worth Rs 439.41 crore Local cues in terms of corporate results are looking good Currently Tech stocks are leading the markets […]

PRE MARKET REPORT, JULY 15, 2021

Choppy trade in US markets while S&P500 reached a new high Fed Chair Jerome Powell assures “powerful support” to the economy “until the recovery is complete” China to release GDP data today Asian markets trading flat SGX Nifty indicating a flat start with 10 points gain Nifty back in the upper end of recent range[…..]

PRE MARKET REPORT, JULY 14, 2021

US markets gave up early gains and closed lower as new CPI data raising concerns Bond yields rose following a surprise inflation jump that triggers the debate on how long low rates can stay Dow, S&P500 & Nasdaq closed almost 0.3% lower Asian markets trading negative SGX Nifty indicating a negative opening with 40 point[…..]

PRE MARKET REPORT, JULY 13, 2021

US Markets – Nasdaq and the S&P 500 hitting record highs Asian markets trading higher SGX Nifty indicating a gap-up of over 100 points Call writers have been aggressive, Put writers missing Strike Open Int (lk) Change (lk) 15,800 67.1 18 15,850 36.5 18 15,900 43 9.7 Bank Nifty has been strong, defending 20 DMA[…..]