• Comments Off on PRE MARKET REPORT, MAR 30, 2022

PRE MARKET REPORT, MAR 30, 2022

  • US Markets closed higher on Tuesday on sings of de-escalation in Russia-Ukraine crisis
  • Asian markets trading mixed
  • SGX Nifty indicating gap-up opening with 150 points gain
  • FIIs net bought worth 35.47 cr while DIIs net bought worth 1,713 cr
  • Nifty now set to open above the higher point of congestion range of around 17,500 (congestion range 17,000-17,500)
  • 17,500 has the highest call option OI at 67lakh any move above 17,500 will be all about short covering
  • Bank Nifty may try to complete unfinished business
  • Bank Nifty at 35,850, current 200 DMA at 36,700
  • At higher levels, market vulnerable to sharp profit taking
  • Nifty PCR 1.08