PRE MARKET REPORT, MAY 27, 2021

  • US markets closed with modest gains and right now US futures are slightly lower
  • Asian markets are trading mixed
  • SGX Nifty indicating a flat opening
  • FIIs net bought shares worth Rs 241.60 crore and DIIs net sold shares worth Rs 438.59 crore
  • Except HDFC Bank and Reliance broader markets are doing very well
  • FIIs are long 65% in Index Futures only 45% long few fays back. We have to worry only when it crosses 70%
  • Nifty may trade between 15200-15400