• Comments Off on PRE MARKET REPORT, FEB 08, 2022

PRE MARKET REPORT, FEB 08, 2022

  • US Markets closed lower on Monday
  • Asian markets trading mixed
  • SGX Nifty indicating flat opening with 30 points gain
  • FIIs net sold shares worth Rs 1,157.23 crore while DIIs net offloaded shares worth Rs 1,376.49 crore
  • Nifty needs to hold 17,100 to protect for any further decline
  • IT index has fallen more than 12% for now going through valuation reset
  • Bank Nifty is relatively strong but FII selling making it under pressure
  • Looking at OI 17,300/400/500 call option has significant OI indicating stiff resistance