PRE MARKET REPORT, JAN 20, 2022

  • US Markets ended sharply lower on Wednesday
  • Asian markets trading mixed in the early hours of trading
  • SGX Nifty indicating negative opening with 70 points cut
  • FIIs net sold shares worth Rs 2,704.77 crore while DIIs net offloaded shares worth Rs 195.07 crore
  • FIIs and DIIs now selling together for last 3 days with 5000 cr of selling
  • Weekly expiry today markets to remain volatile
  • Asian Paints and HUL will be coming out with results
  • Looking at OI 18,000/100/200 have huge Call Option OI indicating resistance for now
  • 17,900 and 800 have significant Put Option OI indicating support if markets breaks 17,850 can result in further fall