PRE MARKET REPORT, NOV 16, 2021

  • US Markets closed Flat on Monday
  • Asian markets currently trading mixed
  • SGX Nifty indicating positive start with 60 points gain
  • FIIs net bought shares worth Rs 424.74 crore while DIIs net purchased shares worth Rs 1,524.67 crore
  • FIIs are long about 50% in F&O
  • Looking at OI 18,200 has the highest OI in call option indicating a stiff resistance around 18,200
  • Nifty currently moving in a very short range with huge volatility clear range between 17,800-18200
  • Any dip in Metal stocks particularly TATA Steel, Hindalco and JSW Steel will be good opportunities to buy
  • Nifty PCR 1.11 and Bank Nifty PCR 0.83