• Comments Off on PRE MARKET REPORT, APR 29, 2022

PRE MARKET REPORT, APR 29, 2022

  • US Markets ended sharply on higher side on Thursday with Nasdaq closing 3% higher
  • Asian markets trading higher following gains from US markets
  • SGX Nifty indicating positive opening with 60 points gain
  • FIIs net bought worth Rs 743.22 crore first time after 15 consecutive session of selling and DIIs net bought worth Rs 780.94 crore
  • FII short exposure in Index futures at 65%
  • Looking at OI strong put writing seen at 17,200 indicating strong support 17,300 has significant call OI indicating resistance around these zone
  • Either of the levels needs to be taken out for any big move
  • Bank Nifty again defended 36,000 which is put writer zone and halted exactly around 36,500 call writer zone
  • Start of May series historically it has been “Buy in May and go away”