PRE MARKET REPORT, MAR 23, 2022

  • US Markets closed higher on Tuesday
  • Asian markets trading higher
  • SGX Nifty indicating positive start with 80 points gain
  • FIIs net bought worth Rs 384.48 crore while DIIs net sold worth Rs 602.05 crore
  • Nifty yesterday bounced sharply from 200 DMA 17,013 and low was 17,006
  • Nifty is entering back the congestion zone of 17,300-600 will be crucial to watch around these levels for any fresh move upside
  • Aggressive Call option OI at 17,400/500/600 indicating shorting around these levels if 17,500 taken out we should be in for fresh uptrend
  • Nifty PCR 1.01