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PRE MARKET REPORT, JAN 05, 2022

  • US Markets, Dow closed on record highs while Nasdaq closed negative
  • Asian markets trading negative
  • SGX Nifty indicating negative opening with 60 points cut
  • FIIs net bought shares worth Rs 1,273.86 crore while DIIs net purchased shares worth Rs 532.97 crore
  • Nifty and Bank Nifty shot-up sharply in the last 20 mins of the trade yesterday
  • Here onwards DIIs would be looking to book profit and at the same time FIIs may start buying
  • Looking at OI 17,800 and 17,900 has highest Call Option OI indicating resistance around these levels
  • 17,700/600 has highest Put Option OI indicating support around these levels
  • Ahead of expiry Nifty looks to be in range bound and will be looking for direction once the results season starts
  • Nifty PCR 1.62 and Bank Nifty PCR 1.17