• Comments Off on PRE MARKET REPORT, MAY 13, 2022

PRE MARKET REPORT, MAY 13, 2022

  • US markets ended slightly lower after choppy session
  • Asian markets trading higher
  • SGX Nifty indicating gap-up opening with 150 points gain
  • FII long exposure in futures now down to 17%
  • Nifty closed below March closing low of 15,863
  • Nifty defended March intra-day low of 15,671
  • 15,671 now becomes strict stop for any any contra longs
  • Fresh decline for Nifty now only below 15,671
  • Dollar Index remains elevated around 105