• Comments Off on PRE MARKET REPORT, MAY 16, 2022

PRE MARKET REPORT, MAY 16, 2022

  • US markets surged higher on Friday with Nasdaq closing 3% higher
  • Asian markets trading higher
  • SGX Nifty indicating positive start with 40 points gain
  • FIIs net sold worth Rs 3,780.08 crore while DIIs net bought worth Rs 3,169.62 crore
  • First signs of short covering by FIIs on Friday
  • Index futures: FIIs unwind 27,000 shorts
  • Index Puts: FIIs unwind 31,000 Put longs
  • Friday’s low of 15,740 close to Mar low of 15,671
  • Mar low of 15,671 now becomes critical support for any longs