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PRE MARKET REPORT, JULY 22, 2021

  • US markets closed higher for second consecutive day
  • Asian markets trading higher
  • SGX Nifty indicating a gap-up of 125 points
  • FIIs net sold shares worth Rs 2,834.96 crore while DIIs net purchased shares worth Rs 873.14 crore
  • FIIs have been selling consistently for last two months in a way its good for the market and markets haven’t fallen much despite FIIs selling.
  • This can trigger fresh momentum on upside as soon as FIIs start buying
  • ICICI Bank will be declaring results in two days huge shorts added we can expect some decent short covering if gap-up is sustained
  • Expiry day today and we can expect markets too be volatile
  • Looking at OI all in the money Call options have seen significant call writing 15,700, 15,800, 15,900