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PRE MARKET REPORT, OCT 21, 2021

  • US Markets closed higher with Dow hitting intraday record high
  • Asian markets trading mixed
  • SGX Nifty indicating a positive start with 30 points gain
  • FIIs net sold shares worth Rs 1,843.09 crore while DIIs net sold shares worth Rs 1,680.73 crore
  • Both FIIs and DIIs have sold over 6,000 cr in last two days
  • Nifty has shown some kind of fatigue but Bank Nifty still holding on its ground on expectations that Banking stocks will come with good results
  • Asian Paints and JSW Steel will be declaring results today
  • Weekly expiry today Nifty may trade between 18,200 to 18,500 with 18,500 acting as stiff resistance
  • Nifty PCR 1.26 and Bank Nifty PCR 0.98