• Comments Off on PRE MARKET REPORT, DEC 20, 2021

PRE MARKET REPORT, DEC 20, 2021

  • US Markets on Friday closed negative
  • Asian markets trading lower in the morning hours
  • SGX Nifty indicating a gap-down of 120 points
  • All major futures Dow, Nasdaq and SGX Nifty all down
  • FIIs net sold shares worth Rs 2,069.90 crore while DIIs net bought shares worth Rs 1,478.52 crore
  • FIIs continue to sell in huge numbers
  • Key level to watch in Nifty 16,780 which has been the recent low
  • Markets looks extremely weak for now
  • Nifty is is about 4% away from 200 DMA of 16,250 and Bank Nifty closed below 200 DMA of 35,734
  • Any breach from 200 DMA can lead to further fall if 200 DMA doesn’t act as support