PRE MARKET REPORT, DEC 27, 2021

Asian markets trading mixed in the early hours of trade
SGX Nifty indicating negative opening with 35 points cut
FIIs net sold shares worth Rs 715 crore while DIIs net offloaded shares worth Rs 43.24 crore
Last week of 2021 volumes to remain low but will there be a trend that can emerge is a big question
Nifty again runs the risk of falling DMA at 17,145 will it bounce back from here or acts a resistance needs to be closely watched
Bank Nifty extremely weak and trading below all major averages
RBL Bank will be reacting to news any may result in selling pressure on other smaller banks
IT remains strong with clear outperformance based on earnings
Nifty needs to close above 17,250 to end the trend which also means bounce from 20 DMA

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