PRE MARKET REPORT, JUNE 22, 2021

  • US Markets rallied on Monday with Dow completing its strongest session in over three months
  • Asian markets trading higher, Japan leading Nikeei 225 jumped 2.33% in the morning session
  • SGX Nifty indicating a positive start with 50 points
  • FIIs net sold shares worth Rs 1,244.71 crore while DIIs net purchased shares worth Rs 138.09 crore
  • Buying dips and plunges working, chasing momentum failing
  • Indian market was best performing Asian market yesterday
  • Nifty may push for another life high but question is risk-reward
  • Bank Nifty will test 20 DMA of 35,100, may see some resistance
  • FII selling at higher levels indicates some risk in chasing gap up
  • Strong Put writing at 15,600 indicates a strong base now
  • Key to track today would be the midcap Index and Adv/dec