• Comments Off on PRE MARKET REPORT, MAR 03, 2022

PRE MARKET REPORT, MAR 03, 2022

  • US Markets ended sharply higher after Fed chairman Powell hints less rate hikes than feared
  • Russia-Ukraine crisis continues to escalate
  • Brent crude approaching $117/bbl, inflation big worry
  • Asian markets trading higher
  • SGX Nifty indicating positive start with 50 points gain
  • FIIs net sold shares worth Rs 4,338.94 crore while DIIs bought worth Rs 3,061.70 crore
  • Weekly expiry today and looking at OI 16,600 has highest call writing indicating resistance/pain around these levels
  • Nifty has bounced right from Friday low of 16,478 indicating some support around these levels
  • Commodity stocks may continue to outperform