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PRE MARKET REPORT, SEP 16, 2021

  • US markets closed marginally higher
  • Asian markets trading mixed
  • SGX Nifty indicating a flat start with 12 points gain
  • FIIs net bought shares worth Rs 232.84 crore while DIIs net purchased shares worth Rs 167.67 crore
  • Weekly options expiry today
  • Nifty saw fresh breakout yesterday, Nifty may have started a fresh expansion yesterday
  • Nifty’s base now moved up decisively to 17,300
  • Bank Nifty within 2% of previous highs of Feb 37,708
  • Looking at OI 17,400 put option has the highest OI and 17,600 has the highest call option OI
  • We can expect markets likely to expire between this zone
  • Nifty PCR 1.38 Bank Nifty PCR 0.89