• Comments Off on PRE MARKET REPORT, MAR 04, 2022

PRE MARKET REPORT, MAR 04, 2022

  • US Markets closed negative on Thursday after fears of further escalation amid Russia-Ukraine standoff
  • Asian markets trading negative
  • SGX Nifty indicating gap-down of over 200 points
  • FIIs net sold Rs 6,644.65 crore while DIIs bought Rs 4,799.24 crore
  • FIIs have now sold stocks worth $13 bn this year
  • n near-term important to track close above/below 16,200
  • All important support for Bank Nifty at 34,400 on closing basis
  • Technically close below 16,200 would open doors for 15,600
  • Bank Nifty all important support of 34,400 on closing basis
  • IT may continue to outperform Banks if market declines more