• Comments Off on PRE MARKET REPORT, MAR 02, 2022

PRE MARKET REPORT, MAR 02, 2022

  • US Markets closed sharply lower on Tuesday
  • Asian markets trading mixed
  • SGX Nifty indicating gap-down of 200 points
  • FIIs net sold Rs 3,948.47 crore while DIIs bought Rs 4,142.82 crore
  • No signs of de-escalation in Russia-Ukraine situation
  • Brent crude past $109/bbl, Dollar Index at 97.4
  • Nifty will be opening around its strong support zone of 16,400
  • 200 DMA now acting as resistance for both Nifty and Bank Nifty
  • Nifty’s 200 DMA at 16,914 and Bank Nifty’s at 36,671