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PRE MARKET REPORT, JAN 11, 2022

  • US Markets all three major indices staged a late-session come back after huge volatile session
  • Nasdaq has fallen 9 out 10 session on top of which it fell another 500 points but later afternoon dramatic recovery and ending in positive
  • Asian markets trading lower take cue from US markets
  • SGX Nifty indicating negative open with 60 points cut
  • FIIs net sold shares worth Rs 124.23 crore while DIIs net bought shares worth Rs 481.55 crore
  • Indian markets clearly going through massive pre-budget rally with Bank Nifty playing key role
  • Bank Nifty has outperformed this month with 8% gains so far
  • Nifty regained 18,000 after two months and making huge 200 points move on daily basis making little concern as without consolidation markets are moving higher and any reversal can be very painful
  • Thursday session will be very key as markets will be reacting to TCS and Infosys results
  • Nifty Put Call ratio approaching 1.5 level