• Comments Off on PRE MARKET REPORT, APR 13, 2022

PRE MARKET REPORT, APR 13, 2022

  • US Markets closed marginally lower on Tuesday
  • Asian markets trading higher
  • SGX Nifty indicating negative opening with 50 points cut
  • FIIs net sold worth Rs 3,128.39 crore while DIIs net bought worth Rs 870.01 crore
  • Infosys results today evening, HDFC Bk results on Saturday
  • Both Infy and HDFC Bk have 8.5% weight in Nifty
  • Weekly expiry today, Nifty closed off lows yesterday but closed below 17,600
  • If yesterdays low breaches can expect further decline and if yesterdays low holds can expect short covering
  • Looking at OI 17,600 has maximum call OI indicating stiff resistance
  • Nifty PCR 0.75