• Comments Off on PRE MARKET REPORT, APR 11, 2022

PRE MARKET REPORT, APR 11, 2022

  • US Markets closed lower on Friday with Nasdaq loosing over 3%
  • Asian markets trading lower
  • SGX Nifty indicating negative start with 35 points cut
  • FIIs net sold worth Rs 575.04 crore while DIIs net sold worth Rs 16.51 crore
  • 3-day week, expiry on Wednesday
  • Fridays low of 17,600 now confirms as base
  • Nifty now near term range between 17,600-18,000
  • Looking at OI also its clearly shows 17,600 as support and 18,000 as resistance
  • Bank Nifty 37,800 now looks to be support and new base
  • Trend negates only on close below these levels
  • TCS will be coming out with results today
  • Nifty PCR 1.01