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PRE MARKET REPORT, AUG 02, 2021

  • SGX Nifty indicating a gap-up of 80+ points
  • Nifty set to test higher end of range after defending lower end
  • FIIs continue to sell big, net sell Rs 3,848 cr in cash markets
  • FIIs sold stocks worth Rs 23,000 cr in July, still market didn’t fall
  • Nifty hit a low of 15,513 on Wednesday, could test 15,900 today
  • Nifty has been in a broad range of 15,550-15,950 for 1 month we can clearly expect some big moves on either side in coming few days after 3 month long consolidation