• Comments Off on PRE MARKET REPORT, MAY 18, 2022

PRE MARKET REPORT, MAY 18, 2022

  • US Markets ended sharply on higher side on Tuesday
  • Asian markets trading mixed
  • SGX Nifty indicating negative start with 60 points cut
  • FIIs net sold worth Rs 2,192.44 crore while DIIs net bought worth Rs 2,294.42 crore
  • FII sell puts, cover short calls and Index shorts, Long exposure at 30% now vs 17% last week
  • Nifty 20 DMA at 16672
  • Nifty and Bank Nifty RSI has gone above along with PCR
  • Texture is slowly turning into buy on dips than sell on rally
  • Looking at OI 16,400/500 looks immediate resistance and 16,000/100 looks immediate support