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PRE MARKET REPORT, FEB 11, 2022

  • US Markets closed significantly lower after US inflation hit 40 year high
  • Asian markets fell in the morning
  • SGX Nifty indicating gap-down of of 180 points
  • FIIs net sold shares worth Rs 1,732.58 crore while DIIs net bought shares worth Rs 2,727.23 crore
  • US Bond yield crosses 2% mark, Dollar nears 96
  • Nifty has rallied from 17,050 to 17,650 in 3 days
  • Nifty yesterday closed right at the 20 DMA any fresh downside will come if Nifty opens below 17,240
  • Bank Nifty 20 DMA is at 38,200, seen as major support any recovery from gap-down should be led by Bank Nifty