• Comments Off on PRE MARKET REPORT, DEC 13, 2021

PRE MARKET REPORT, DEC 13, 2021

  • US Markets closed higher on Friday
  • Asian markets trading in positive
  • SGX Nifty indicating a gap-up of 120 points
  • FIIs net sold shares worth Rs 1,092.40 crore while DIIs net bought shares worth Rs 386.63 crore
  • Looking at OI 17,500 call option has highest OI if Nifty trades above 17,650 can lead to further short covering
  • Nifty currently making higher highs and higher lows
  • Nifty support has shifted from 17,150 to 17,350
  • Nifty indicating to open above 20 DMA need to see if starts to sustain above post opening
  • Nifty PCR 1.39 and Bank Nifty PCR 0.86