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PRE MARKET REPORT, JAN 04, 2022

  • US Markets closed higher with Dow and S&P posting closing record highs
  • Asian markets trading higher following gains from Dow and S&P
  • SGX Nifty indicating flat opening with 20 points cut
  • FIIs net bought shares worth Rs 902.64 crore while DIIs net purchased shares worth Rs 803.11 crore
  • Nifty now trading above all key DMA’s and Bank Nifty finally reclaims 200 DMA
  • Nifty Future premium is almost 70 points higher than spot generally Nifty Future is around 25-30 higher, Nifty Future premium will get corrected over next 1-2 days
  • Looking at OI 17,700-800 has highest Call Option OI indicating resistance around that level and 17,500 looks to be support for near term
  • DII’s have been supporting the market fall since Oct might look to book some profit around 17,800 zone
  • Earning season will start with TCS and Infosys reporting their results on Jan 12 post market hours
  • Nifty PCR 1.61 and Bank Nifty PCR 1.20