• Comments Off on PRE MARKET REPORT, MAY 11, 2021

PRE MARKET REPORT, MAY 11, 2021

  • US markets fell due to profit booking
  • WHO classifies triple-mutant Covid variant from India as global health risk.
  • Asian markets are all down
  • Japan index is down by more than 700 points
  • SGX Nifty is down by about 200 points
  • So we are back to square, in the trading range of 14200-15000
  • Even yesterday, markets moved higher without much volume
  • Markets are likely to be highly volatile as tomorrow weekly expiry
  • Nifty future may trade between 14720 and 14920