PRE MARKET REPORT, MAY 17, 2022

US markets closed lower on Monday Asian markets trading mixed SGX Nifty indicating positive start with 40 points gain FIIs net sold worth Rs 1,788.93 crore while DIIs net bought worth Rs 1,428.39 crore FII short exposure now at 72% vs 82% 2 days back 10% cut in short positions hasn’t led to big rally […]

PRE MARKET REPORT, MAY 16, 2022

US markets surged higher on Friday with Nasdaq closing 3% higher Asian markets trading higher SGX Nifty indicating positive start with 40 points gain FIIs net sold worth Rs 3,780.08 crore while DIIs net bought worth Rs 3,169.62 crore First signs of short covering by FIIs on Friday Index futures: FIIs unwind 27,000 shorts Index[…..]

PRE MARKET REPORT, MAY 13, 2022

US markets ended slightly lower after choppy session Asian markets trading higher SGX Nifty indicating gap-up opening with 150 points gain FII long exposure in futures now down to 17% Nifty closed below March closing low of 15,863 Nifty defended March intra-day low of 15,671 15,671 now becomes strict stop for any any contra longs[…..]

PRE MARKET REPORT, MAY 12, 2022

US markets tumble after inflation data with Nasdaq closing 3% lower Asian markets declined in early morning trades SGX Nifty indicating gap-down of over 150 points FIIs net sold worth Rs 3,609.35 crore while DIIs net bought worth Rs 4,181.20 crore FII long exposure down further from 22% to 20.8% FIIs add another 12,000 contracts[…..]