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PRE MARKET REPORT, NOV 18, 2021

  • US Markets ended lower on inflation fears
  • Asian markets trading mixed
  • SGX Nifty indicating a flat start with 10 points cut
  • FIIs net sold shares worth Rs 344.35 crore while DIIs net offloaded shares worth Rs 61.14 crore
  • ICICI Bank and HDFC Bank ADR closed in green yesterday
  • Nifty has moved 400 points up and 400 points down in just last four trading sessions
  • Looking at OI 18,000 and above huge call options added unless any short covering comes Nifty will face stiff resistance around 18,000
  • Weekly expiry today so markets will have the expiry moves and tomorrow is holiday trades may square off positions before going into long weekend
  • Nifty PCR 0.81 and Bank Nifty PCR 0.80