• Comments Off on PRE MARKET REPORT, APR 20, 2022

PRE MARKET REPORT, APR 20, 2022

  • US Markets closed higher on back stronger than expected corporate earnings
  • Asian markets trading mixed
  • SGX Nifty indicating positive start with 90 points gain
  • FIIs net sold worth Rs 5,871.69 crore while DIIs net bought worth Rs 3,980.81 crore
  • Nifty collapsed on heavy FII selling, ended below 17,000
  • 200 DMA support of 17,170 may now be a resistance
  • Nifty has made a lower low on closing basis
  • Bank Nifty has still not made a lower low despite the fall
  • Nifty much weaker due to IT getting into a bear phase
  • Nifty IT now down 20% from peak
  • Nifty Put Call ratio at 0.68, market heavily oversold