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PRE MARKET REPORT, NOV 3, 2021

  • US Markets closed on record highs
  • Asian markets trading mixed
  • SGX Nifty indicating a gap-up opening with 56 points gain
  • FIIs net bought shares worth Rs 244.87 crore while DIIs net sold shares worth Rs 6.00 crore
  • FIIs turn net buyers after 11 days of selling
  • Weekly options expiry today second half could be rallied by Bank Nifty on back of SBI results
  • SBI results today, Bank Nifty in focus
  • Bank Nifty has been strong, may continue to outperform
  • Bank Nifty bouncing from 20 DMA on every decline
  • FII data indicates shorting and Call writing on Nifty
  • Huge Call writing at 18,000 on Nifty, Open Int at almost 1 cr shares