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PRE MARKET REPORT, JUNE 29, 2021

  • The Nasdaq and S&P 500 hit all-time highs on Monday
  • Asian markets fell despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs.
  • SGX Nifty indicating a flat opening with 11 points loss
  • FIIs net sold shares worth Rs 1,658.72 crore while DIIs net purchased shares worth Rs 1,277.08 crore
  • Nifty repeatedly showing fatigue at 15,900
  • Market’s texture still Buy on dips and plunges
  • Bank Nifty showing signs of ending underperformance
  • Reliance broke 2100 yesterday this is fall of about 6% from recent highs and 15% from all time high
  • FIIs are long 78% in Futures which is again towards the upper end which indicates not much movement upwards