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PRE MARKET REPORT, DEC 30, 2021

  • US Markets, DOW and S&P closed at record highs
  • Asian markets trading flat to lower
  • SGX Nifty indicating positive start with 30 points gain
  • FIIs net sold shares worth Rs 975.23 crore while DIIs net purchased shares worth Rs 1,006.93 crore
  • Monthly expiry today could be very voatile
  • Nifty again facing stiff resistance at 17,250 unless Nifty crosses 17,250 with force no upside move in sight
  • Yesterday Bank Nifty fell over 250 points in just 10 min
  • Bank Nifty remains weak and not even able to get to 200 DMA 35,862 trading well below the long term moving average
  • Covid cases has started hitting new peak and India now starting report increase in cases
  • Pharma and Diagnostic stocks are back in focus with spike in Covid cases