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PRE MARKET REPORT, OCT 19, 2021

  • US Markets closed higher on Monday with boost from tech stocks
  • Asian markets trading higher
  • SGX Nifty indicating positive opening with 74 points gain
  • FIIs net bought shares worth Rs 512.44 crore while DIIs net sold shares worth Rs 1,703.87 crore
  • Nifty has been closing higher for last 7 consecutive sessions
  • Nifty outperformed led by IT and Metals
  • ACC and HUL will be coming out with results which can further boost the market up
  • Usually after such huge moves markets generally consolidate before any significant moves hence we can assume Consolidation can happen between 18200-18500