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PRE MARKET REPORT, AUG 18, 2021

  • US Markets closed lower on Tuesday after 5 days of moving higher
  • Asian markets trading mixed as of now
  • SGX Nifty indicating a flat start with 35 points gain
  • FIIs net sold shares worth Rs 343.73 crore while DIIs net purchased shares worth Rs 266.43 crore
  • Today is going to be all about HDFC Bank post market RBI partially lifted restriction on HDFC Bank (two restriction of new credit card and no digital product) restriction of new credit card has been lifted
  • HDFC Bank ADR up 1.6% if translated in our market should move up by 3%
  • If Bank Nifty sustains above 36,200, can move towards 36,500
  • Nifty likely to make a move towards 16,700-16,800
  • Looking at OI 16,500 is a very good support
  • Weekly expiry today
  • Nifty PCR 1.39 Bank Nifty PCR 0.77