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PRE MARKET REPORT, DEC 07, 2021

  • US Markets closed higher on Monday
  • Asian markets trading higher
  • SGX Nifty indicating positive start with 100 points gain
  • FIIs net sold shares worth Rs 3,361.28 crore while DIIs net bought shares worth Rs 1,701.56 crore
  • One of the key reason for the drastic fall was Nasdaq fall on Friday along with some local news about Tax notices to some Global Funds
  • All major supports in Nifty has broken need to see how Nifty reacts around 17,100 which will now act as resistance
  • Nifty 16,780 was previous swing long which is been held on yesterday
  • Good time to start investing in Nifty Bees and Bank Nifty Bees like SIPs
  • Nifty PCR 1 and Bank Nifty PCR 0.98