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PRE MARKET REPORT, AUG 27, 2021

  • US markets closed lower on fear of Fed Reserve’s purchase
  • Asian markets fell in the early morning session
  • SGX Nifty indicating a flat opening with 12 points cut
  • FIIs net sold shares worth Rs 1,974.48 crore while DIIs net bought shares worth Rs 1,055.21 crore
  • FIIs continue to sell in excess of 1,000 crore on daily basis for the last 10 days
  • Nifty at all-time high, risk-reward not extremely favourable
  • Start of the Sept series historically Nifty moves 600-800 points in Sept making it most volatile month
  • Indian market to react to Jackson hole on Monday
  • Nifty Open Interest at 1.24 cr among highest at start of series
  • Nifty PCR 1.42 Bank Nifty PCR 0.98