• Comments Off on PRE MARKET REPORT, NOV 15, 2021

PRE MARKET REPORT, NOV 15, 2021

  • US Markets closed higher on Friday
  • Asian markets trading flat
  • SGX Nifty indicating a gap-up opening with 75 points gain
  • FIIs were net buyers and picked up shares worth Rs 511.10 crore while DIIs net purchased shares worth Rs 851.41 crore
  • 18,100 is key level to watch huge unwinding seen on Friday need to see if this will result in further short covering
  • Nifty 20 DMA is at 18,080 and we are just marginally above the key level
  • Bank Nifty 20 DMA is at 39,708 as of now Bank Nifty is not showing any momentum
  • IT outperformed on Friday indicating move after consolidation and some correction
  • Hero Motor will be reacting to the results today