• Comments Off on PRE MARKET REPORT, JAN 25, 2022

PRE MARKET REPORT, JAN 25, 2022

  • US Markets Dow closed in green after 1000 points fall
  • Nasdaq recovered over 750 points in last one hour
  • Asian markets trading negative
  • SGX Nifty indicating gap-down of 95 points
  • FIIs net sold shares worth Rs 3,751.58 crore while DIIs net bought shares worth Rs 74.88 crore
  • Indian markets closed tomorrow to react to Fed on Thursday
  • After ICICI, Axis Bank has come out with decent numbers
  • Bank Nifty between 20 and 50 DMA, can see some covering
  • Short covering intact only if yesterday’s low holds
  • Yesterday’s low of 17,000 is now a major support
  • Nifty Put Call ratio at 0.66, FII long exposure at 44%