PRE MARKET REPORT, NOV 12, 2021

  • US Markets rebounded after two days of decline
  • Asian markets trading positive
  • SGX Nifty indicating positive start with 65 points gain
  • FIIs net sold shares worth Rs 1,637.46 crore while DIIs net bought shares worth Rs 445.76 crore
  • Nifty has been very volatile making huge swings of more than 200 points on a daily basis
  • Nifty has been moving very violently between 17,800 to 18,100 in a such short range of 300 points
  • FIIs selling is making private banks fall yday even public sector banks started falling
  • FIIs in F&O long and short is 50-50 indicating volatile nature of markets
  • Hero Motor, ONGC and Hindalco will be coming with results today
  • Looking at OI 17,900,18,000 and 18,100 call option has the OI indicating 18,000/100 as stiff resistance
  • Nifty PCR 0.87 and Bank Nifty PCR 0.77