PRE MARKET REPORT, MAY 10, 2022

  • US Markets closed lower with Nasdaq falling over 4%
  • Asian markets trading lower
  • SGX Nifty indicating negative opening with 80 points cut
  • FIIs net sold worth Rs 3,361.80 crore while DIIs net bought worth Rs 3,077.24 crore
  • Looking at OI 16,500 has significant call writing indicating resistance and 16,400 as immediate resistance
  • 16,000 has significant put OI indicating support around these levels
  • Bank Nifty immediate support around 34,000 if taken out can lead to further fall as no immediate support