PRE MARKET REPORT, APR 05, 2022

  • US Markets rose on Monday boosted by tech and growth stocks with Nasdaq closing almost 2% higher
  • Asian markets trading mixed
  • SGX Nifty indicating gap-up opening with 80 points gain
  • FIIs net bought worth Rs 1,152.21 crore while DIIs net bought worth Rs 1,675.01 crore
  • Almost now all shorts have been covered at all entry levels which runs the risk of market now extremely over bought
  • Nifty Bank now up more than 6% in just two days
  • Nifty PCR at 1.35