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PRE MARKET REPORT, NOV 30, 2021

  • US Markets closed higher after Fridays sell-off
  • Asian markets mostly trading higher
  • SGX Nifty indicating a flat start with 18 points gain
  • FIIs net sold shares worth Rs 3,332.21 crore while DIIs net bought shares worth Rs 4,611.41 crore
  • Yesterdays low of 16,782 now should act as make or break level and technically completes 10% correction from highs
  • Put writing seen at weekly and monthly options of 17,000 now should act as support
  • Meaningful call writing seen at 17,200 indicating resistance around yesterdays high of 17,160
  • Any short covering should happen only if 17,160 is taken out
  • Nifty PCR 1.11 and Bank Nifty PCR 0.94