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PRE MARKET REPORT, JAN 28, 2022

  • US Markets closed marginally lower on Thursday after volatile session
  • Asian markets trading higher
  • SGX Nifty indicating negative start with 40 points cut
  • FIIs net sold shares worth Rs 6,266.75 crore while DIIs net bought shares worth Rs 2,881.32 crore
  • FIIs net long in in index futures at 33% lowest since Jun 2020
  • Markets now shifting from IT to Banking Sector
  • Nifty now clearly looking bearish but if it holds 200 DMA can propel sharp rally post budget
  • Start of a new series with Budget next week can be very volatile