PRE MARKET REPORT, MAY 04, 2022

  • US Markets closed marginally higher after a choppy session on Tuesday
  • Asian markets trading mixed
  • SGX Nifty indicating flat opening against Monday’s close
  • FOMC outcomes today evening
  • FIIs net sold worth Rs 1,853.46 crore while DIIs net bought worth Rs 1,951.10 crore
  • Nifty has been in a broad 16,800-17,300 band
  • FII long exposure at 34%, Nifty Open Interest low
  • HDFC twins have shown selling exhaustion If HDFC twins rally, market may not decline much
  • Bank Nifty critical to watch at crucial level around 36,000