PRE MARKET REPORT, DEC 09, 2021

  • US Markets closed marginally higher on Wednesday
  • Asian markets trading mixed in the morning hours
  • SGX Nifty indicating a gap-up of 80 points
  • FIIs net sold shares worth Rs 579.27 crore while DIIs net bought shares worth Rs 1,735.50 crore
  • FII long exposure now at 73%, Huge Put writing yesterday
  • Nifty now testing 20 DMA 17473 need to see its going to halt here or make fresh moves above 20 DMA
  • Bank Nifty 20 DMA at 37161 and already slightly above the level
  • Looking at OI 17,400 has highest put writing indicating some kind of support
  • Weekly expiry after 4 days of pure trend days todays expiry could be very volatile
  • Nifty PCR 1.07 and Bank ifty PCR 0.77