• Comments Off on PRE MARKET REPORT, MAY 19, 2022

PRE MARKET REPORT, MAY 19, 2022

  • US Markets ended sharply on lower side with all three indices falling over 3%
  • Biggest decline in US since 2020, Target down 26%
  • Asian markets dropped sharply
  • SGX Nifty indicting huge gap-down of over 300 points
  • FIIs net sold worth Rs 1,254.64 crore while DIIs net bought worth Rs 375.61 crore
  • Weekly expiry, For 3 days last week, Nifty took support at 15,735
  • First hour today will be about pain for 16,200 Put writers
  • 16,200 Put added 20 lakh shares out of 27 lakh yesterday!
  • Highest Put Open Interest at 16,000 and 15,800
  • Nifty needs to take support at 15,950 for Put writers
  • Below 15,950, further support comes in only at 15,800
  • IT likely to lead decline again, Nasdaq now down 30% from peak