PRE MARKET REPORT, JAN 27, 2022

  • US Markets erased all its gain after the Federal Reserve signaled an interest rate hike could be coming soon
  • Asian markets trading lower
  • SGX Nifty indicating gap-down of around 300 points
  • FIIs net sold shares worth Rs 7,094.48 crore while DIIs net bought shares worth Rs 4,534.53 crore
  • Monthly expiry today expect huge volatility
  • Nifty immediate resistance will be around 17,100/200 levels
  • No Need to talk about support for now need to see if market stabilizes from the opening levels