• Comments Off on PRE MARKET REPORT, MAY 12, 2022

PRE MARKET REPORT, MAY 12, 2022

  • US markets tumble after inflation data with Nasdaq closing 3% lower
  • Asian markets declined in early morning trades
  • SGX Nifty indicating gap-down of over 150 points
  • FIIs net sold worth Rs 3,609.35 crore while DIIs net bought worth Rs 4,181.20 crore
  • FII long exposure down further from 22% to 20.8%
  • FIIs add another 12,000 contracts on short side in futures
  • Nifty defended 16,000, may try to defend again
  • Matter of when and not if Nifty tests March lows
  • March low was 15,671 and closing low was 15,863
  • Weekly options expiry today markets likely to be volatile