• Comments Off on PRE MARKET REPORT, DEC 10, 2021

PRE MARKET REPORT, DEC 10, 2021

  • US Markets closed lower on Thursday with some profit booking
  • Asian markets trading negative
  • SGX Nifty indicating negative opening with 25 points cut
  • FIIs net sold shares worth Rs 1,585.55 crore while DIIs net bought shares worth Rs 782.84 crore
  • FIIs are keep selling something is cooking for sure for the last 3 months FIIs have just been selling with no major negative Indian news.
  • Nifty slightly above and Bank Nifty slightly below 20 DMA
  • Nifty 20 DMA needs to be watched very closely for any move up or down
  • Looking at Nasdaq fall IT companies will be under pressure
  • Nifty PCR 1.16 and Bank Nifty PCR 0.83