PRE MARKET REPORT, JUNE 07, 2021

  • US markets climbed on Friday, lifted by Technology stocks
  • Asian markets trading higher
  • SGX Nifty indicating a positive start with 27 points up
  • FIIs net acquired shares worth Rs 1,499.37 crore and DIIs net sold shares worth Rs 1,175.01 crore
  • FIIs still bullish in Futures and Options they are still long around 82%
  • Bank Nifty significantly underperformed on Friday Nifty down 20 points and Bank Nifty more than 350 points down
  • PNB came out with results on Friday and was not that great lets see how PNB and other PSU Banks perform today
  • Auto Sectors performing very good last week, Stock to watch is Hero Moto it broke out on Friday above 3,000 trading around 3050 any dip around 3,000 will be a good buy
  • Huge OI added to 15800 call so immediate resistance will be 15,800 for now