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PRE MARKET REPORT, JULY 05, 2021

  • US Markets scaled new highs on Friday
  • Asian markets trading mixed
  • SGX Nifty indicating a gap-up opening of 100 points
  • India VIX fell by 5.84% from 12.84 to 12.09
  • Chemical, Mid Cap IT and Selective Pharma stocks looks strong
  • Looking at OI, broader trading range for Nifty 15,600 – 15,900
  • If market are able to hold the gap-up huge short covering possible
  • Nifty PCR OI is at 1.09
  • Bank Nifty PCR OI is at 0.83