• Comments Off on PRE MARKET REPORT, JAN 24, 2022

PRE MARKET REPORT, JAN 24, 2022

  • US Markets ended sharply lower on Friday
  • Asian markets trading lower
  • SGX Nifty indicating gap-down of 150 points
  • FIIs net sold shares worth Rs 3,148.58 crore while DIIs net bought shares worth Rs 269.36 crore
  • FIIs have net sold stocks worth $2 bn this month so far
  • Nifty managed to defend 50 DMA of 17,505 on Friday now SGX Nifty indicating we break that level
  • 17,450 will mark 50% retracement of last rally
  • Market to react to good results from RIL and ICICI Bank
  • Put Call ratio, FII Index futures data not yet in bottom zone