• Comments Off on PRE MARKET REPORT, APR 27, 2022

PRE MARKET REPORT, APR 27, 2022

  • US Markets fell with Nasdaq closing lower by 3%
  • Asian markets fell in taking cues from US Markets
  • SGX Nifty indicating significant gap-down opening with 200 points cut
  • FIIs net sold worth Rs 1,174.05 crore while DIIs net bought worth Rs 1,643.84 crore
  • Nifty ended right at the 200 DMA resistance of 17,200
  • Last week low of 16,824 remains crucial level to be watched for
  • Any intra-day recovery has to be led by RIL, Banks
  • IT stocks will be under pressure and IT index as such has room for another 10% correction