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PRE MARKET REPORT, OCT 1, 2021

  • US markets see big decline overnight Dow fell more than 500 points
  • Asian markets trading lower following the drop in US markets
  • SGX Nifty indicating a gap-down of over 150 points
  • FIIs net sold shares worth Rs 2,225.60 crore while DIIs net bought shares worth Rs 97.18 crore
  • Nifty to start below weekly low and 20 DMA
  • Nifty IT is now 500 points below its 20 DMA
  • Energy stocks may continue to remain in focus
  • Auto stocks will be in focus as auto sales data will be coming but seems already factored in
  • Today’s 1st one hour low will set the tone for Nifty
  • Some times its better to be away and just sit and just watch the price action.