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PRE MARKET REPORT, JAN 06, 2022

  • US Markets well sharply with Nasdaq plunging more than 3%
  • Nasdaq has fallen close to 800 points in last few trading session
  • Asian markets trading lower following fall in US Markets
  • SGX Nifty indicating a gap-down of 180 points
  • FIIs net bought shares worth Rs 336.83 crore while DIIs net purchased shares worth Rs 1,271.95 crore
  • Taking cues from Nasdaq fall all IT stocks will be under pressure
  • Looking at OI 17,900 put option had highest OI with Nifty opening below 17,800 put writers will run for cover may result in further fall
  • Nifty 17,750 needs to be watched very closely if Nifty starts to trade below 17,750 can further drag the markets