PRE MARKET REPORT, APRIL 8, 2021

US markets ended mixed with Dow and S&P 500 slightly higher and Nasdaq slightly lower Fed minutes indicated that accommodative policy will continue Here in India, RBI Governor came out with Indian style of QE Today Nifty future level to watch is yesterday’s high of 14950. There was huge addition of OI at 14800PE and […]

PRE MARKET REPORT, APRIL 7, 2021

US markets closed mixed with DOW up and Nasdaq down SGX Nifty is showing almost 180 points higher There is no reason for such a big gap up US Bond yield down to 1.66, Dollar Index at 92.32, Crude is not down significantly Market may continue extreme volatility in a range Indian markets being suppressed[…..]

PRE MARKET REPORT, APRIL 6, 2021

US markets closed at all time high. but Asian markets are not sharing that optimism SGX Nifty is slightly down Yesterday FIIs have sold for about Rs 932 crores in Cash market and DIIs have bought just for Rs 75 crores FIIs sold aggressively in Index futures, add fresh shorts Yesterday’s price action gives a[…..]

PRE MARKET REPORT, APRIL 5, 2021

Dow futures up 200 points due to strong US Jobs data Many Asian markets are closed SGX Nifty hit a high of 15020 but corrected US Dollar is likely to strengthen That could be one reason why SGX Nifty is lower RBI policy is on Wednesday, RBI is expected to maintain the status quo We[…..]