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PRE MARKET REPORT, JAN 19, 2022

  • US Markets fell sharply on Tuesday
  • Asian markets trading lower
  • SGX Nifty indicating negative start with 45 points cut
  • FIIs net sold shares worth Rs 1,254.95 crore while DIIs net offloaded shares worth Rs 220.20 crore
  • Nifty fell 1% after a 10% rally from Dec lows
  • If US mkt has started a correction, India will follow
  • Nifty’s 20 DMA at 17,660 and 50 DMA at 17,520
  • Bank Nifty’s 20 DMA at 36,800 and 50 DMA at 36,900
  • Bank Nifty fell over 600 points from day’s high
  • Yesterday’s high of 18,351 now becomes near-term resistance