• Comments Off on PRE MARKET REPORT, MAR 15, 2022

PRE MARKET REPORT, MAR 15, 2022

  • US Markets closed mostly lower with Nasdaq closing with 2% drop
  • Asian markets trading mixed with China trading significantly lower
  • SGX Nifty indicating gap-down opening with 100 points cut
  • FIIs net sold worth Rs 176.52 crore while DIIs have bought shares worth Rs 1,098.62 crore
  • Clear signs of selling exhaustion in FII data
  • Nifty 20 DMA at 16,741 and SGX Nifty indicating we start around the 20 DMA level
  • Bank Nifty 20 DMA at 35,870 with Bank Nifty showing strength possible to cross 20 DMA
  • Nifty PCR 1.13