• Comments Off on PRE MARKET REPORT, OCT 18, 2021

PRE MARKET REPORT, OCT 18, 2021

  • US Markets closed higher on Friday
  • Asian markets trading negative
  • SGX Nifty indicating a positive opening of around 90 points against Thursdays close
  • Need to see if the gap-up is sustained
  • FIIs net bought shares worth Rs 1,681.60 crore DIIs net sold shares worth Rs 1,750.59 crore
  • Reliance will be coming out with results on Friday evening
  • Bank Nifty will be in focus on back of HDFC Bank results, ICICI Bank and Axis Bank will be coming with results on Thursday
  • Metal sector likely to perform well in coming few weeks and also be in focus
  • Nifty might take resistance around 18,480/500