• Comments Off on PRE MARKET REPORT, MAR 16, 2022

PRE MARKET REPORT, MAR 16, 2022

  • US Markets rallied on Tuesday Nasdaq bounces from 52 weak low
  • Brent crude back down to $100/bbl
  • FOMC decision today, 25 bps rate hike already factored in
  • Asian markets trading higher
  • SGX Nifty indicating gap-up of over 200 points and indicates test of 200 DMA in Nifty
  • FIIs net sold worth Rs 1,249.74 crore while DIIs bought worth Rs 98.25 crore
  • Trading above yesterday’s high of 16,928 key for short covering
  • Bank Nifty still has not managed to test at 20 DMA 35,775 and if not halted cant test 200 DMA at 36,700
  • Nifty PCR 0.9