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PRE MARKET REPORT, DEC 15, 2021

  • US Markets closed lower on Tuesday
  • Asian markets trading flat
  • SGX Nifty indicating flat start
  • FIIs net sold shares worth Rs 763.18 crore while DIIs net bought shares worth Rs 425.43 crore
  • FIIs are keep selling over the last 3 months in huge numbers
  • Nifty has been trading violently for quite some time with 200-300 points swing intraday
  • Yesterday low of 17,225 is crucial level to watch
  • Looking at OI 17,400 looks like stiff resistance for now and yesterdays low of 17,225 looks to be support
  • Nifty PCR 1.09 and Bank Nifty PCR 0.81