• Comments Off on PRE MARKET REPORT, DEC 23, 2021

PRE MARKET REPORT, DEC 23, 2021

  • US markets closed higher on Wednesday
  • Asian markets trading higher
  • SGX Nifty indicating a positive start with 80 points gain
  • FIIs net sold shares worth Rs 827 crore while DIIs net bought shares worth Rs 1,593 crore
  • Markets currently going through good short covering rally any upward move needs good delivery based buying
  • Looking at OI 17,000/100/200 all have huge Call Open Interest indicating stiff resistance
  • Bank Nifty may test 200 DMA of 35,700 before making any decisive moves
  • Markets likely to see low volumes till year end