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PRE MARKET REPORT, JAN 14, 2022

  • US Markets closed sharply lower on Thursday with Nasdaq falling 2.5%
  • Asian markets mostly trading lower mostly 1% down
  • SGX Nifty indicating negative opening with 75 points cut
  • FIIs net sold shares worth Rs 1,390.85 crore while DIIs net purchased shares worth Rs 1,065.32 crore
  • FIIs aggressive selling over last 2 days and clearly visible looking at HDFC Bank selling pressure ahead of results
  • HDFC Bank results tomorrow, most important trigger for now
  • Looking at OI 18,500 call option has highest OI indicating stiff resistance with 18,300 and 18.400 having significant call option OI
  • 18,000/100/200 still has significant put option OI showing immediate support around these levels
  • Key stock to watch is HDFC Bank which will set the tone next week for Bank Nifty