PRE MARKET REPORT, AUG 10, 2021

  • US Markets closed marginally lower on Monday
  • Asian markets trading mixed some are up and some are down
  • SGX Nifty indicating a flat opening
  • FIIs net bought shares worth Rs 211.91 crore while DIIs net sold shares worth Rs 716.15 crore
  • Reliance is down around 80 points in last few trading sessions primarily due to arbitration case in Supreme Court
  • Looking at OI yesterday 16,500 call option saw unwinding and 16,500 put option huge addition in OI that shows the bullishness over the next few weeks
  • DIIs sold aggressively yesterday and this may continue and we may see DIIs selling as and when market starts moving up and book profit as they have been supporting markets for last few months
  • M&M after long long time was top gainer in Nifty yesterday finally starting to move
  • Nifty may continue to be in consolidation mode before giving any significant breakout or breakdown