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PRE MARKET REPORT, NOV 8, 2021

  • US Markets closed on record highs on Friday
  • Asian markets mostly trading in red
  • SGX Nifty indicating flat opening with 36 points gain
  • FIIs net sold shares worth Rs 328.11 crore while DIIs net bought shares worth Rs 38.25 crore
  • FIIs have been selling aggressively for the last 13 trading session and just bought net in one trading session
  • 18,000 to 18,100 looks like a short term resistance looking at OI 18,000 call option has the highest OI
  • Support around 17,800 and any big move will come only if 18,100 is taken out
  • Looking at F&O data FIIs are long 52% and short 48%
  • Nifty PCR 0.94 and Bank Nifty 0.73