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PRE MARKET REPORT, NOV 25, 2021

  • US Markets closed higher on Wednesday
  • Asian markets trading mixed in the early hours of trade
  • SGX Nifty indicating a flat opening with 32 points cut
  • FIIs net sold shares worth Rs 5,122.65 crore while DIIs net bought shares worth Rs 3,809.62 crore
  • FIIs have been selling like anything have sold for more than 4000 cr for last four continuous days
  • Volatility has increased way above any expectations Nifty moving around 300 points intraday
  • Monthly expiry markets expected to be highly volatile
  • 17,200/17,300 likely to be a major support levels for now and 17,500 seems to be resistance as huge call writing at this level
  • Nifty PCR 0.91 and Bank Nifty PCR 0.95