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PRE MARKET REPORT, FEB 03, 2023

  • US markets closed higher with Nasdaq closing 3% higher
  • Asian markets trading mixed
  • SGX Nifty indicating positive opening with 60 points gain
  • FIIs net sold worth worth Rs 3,065.35 crore while DIIs net bought worth worth Rs 2,371.36 crore
  • Option data indicates broader trading range between 17,400 to 17,800
  • Major support for Nifty 17,405 and Bank Nifty 39,419 key
  • And resistance placed at each 100 point interval
  • Any rally if at all comes will be led by IT stocks taking cues for Nasdaq which closed 3% higher
  • Nifty PCR 0.86