PRE MARKET REPORT, JAN 07, 2022

  • US Markets closed flat after a volatile session
  • Asian markets mostly trading marginally higher
  • SGX Nifty indicating flat opening with 10 points gain
  • FIIs net sold shares worth Rs 1,926.77 crore while DIIs net purchased shares worth Rs 800.91 crore
  • Taking cues from Nasdaq which finally managed to stabilize can result in some stability in IT stocks here
  • Looking at OI 17,500/600 has highest Put OI indicating support around this levels and
  • 18,000 has the highest Call OI indicating resistance around this level
  • Bank Nifty will be very key to watch yesterday Bank Nifty shot-up almost 700 points from day low
  • Any big movement in Nifty has to be led by Bank Nifty
  • Nifty PCR 1.6 and Bank Nifty PCR 1.22