• Comments Off on PRE MARKET REPORT, JAN 13, 2022

PRE MARKET REPORT, JAN 13, 2022

  • US Markets closed positive after even higher inflation data met economists’ expectations
  • Asian markets trading mixed in the early hours
  • SGX Nifty indicating gap-up of 110 points
  • FIIs net sold shares worth Rs 1,001.57 crore while DIIs net purchased shares worth Rs 1,332.01 crore
  • Infosys, TCS and Wipro will be reacting to results
  • Infosys outstanding results (ADR up 3%), TCS average results and Wipro bad results (ADR is down 8%)
  • Nifty clearly in pre-budget rally wont be surprised if Nifty makes new higher during Jan series
  • HDFC Bank will be coming out with results on Saturday and Bank Nifty will take cues from the results and take a direction
  • Looking at OI 18,100/200 all have huge put writing indicating support around this levels