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PRE MARKET REPORT, MAY 25, 2022

  • US Markets closed mixed with Nasdaq closing lower by over 2% and Dow managing to close +ve after 500 points fall
  • Asian markets trading in positive zone
  • SGX Nifty indicating positive opening with 50 points gain
  • FIIs net sold worth Rs 2,393.45 crore while DIIs net bought worth Rs 1,948.49 crore
  • Nifty now in a broad range of over 600 points with huge volatility
  • Recent low of 15,800 and 16,400 are now two boundaries of markets
  • Nifty now facing stiff resistance around falling 20 DMA of 16,400
  • Monthly expiry tomorrow markets likely to remain volatile