• Comments Off on PRE MARKET REPORT, MAR 29, 2022

PRE MARKET REPORT, MAR 29, 2022

  • US Markets closed higher with Nasdaq closing higher with1.31% gain
  • Asian markets trading higher following fall in oil prices
  • SGX Nifty indicating gap-up of 100 points
  • FIIs net sold worth Rs 801.41 crore while DIIs net bought worth Rs 1,161.70 crore
  • Nifty defended 200 DMA and low point of range also and may test the higher side of the range which is around 17,440
  • Bank Nifty still has unfinished business of testing 200 DMA at 36,700
  • Yesterdays low in Nifty 17,006 and Bank Nifty 35,016 now holds last line of support
  • Same is visible by looking at OI 17,000 has highest put OI indicating support and 17,500 has highest call OI indicating resistance
  • Either side of the range needs to be broken for any move up side or down side till then intraday volatility will continue
  • Nifty PCR 0.93