PRE MARKET REPORT, JUNE 25, 2021

  • The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
  • Asian markets were mostly higher tracking US markets overnight
  • SGX Nifty indicating a flat start with 10 points gain
  • Markets showing some fatigue close to all-time high
  • Risk-reward does not favour fresh long close to 15,900
  • Market remains vulnerable to plunges at higher levels
  • Bank Nifty continues to halt at 20 DMA, currently at 35,060
  • IT stocks surged yesterday, remains the strongest pocket