PRE MARKET REPORT, OCT 24, 2021

  • US Markets, Dow closed on record highs while Nasdaq closed lower
  • Asian markets trading mixed
  • SGX Nifty indicating a flat start with 11 points gain
  • FIIs net sold shares worth Rs 2,697.70 crore while DIIs net bought shares worth Rs 1,029.97 crore
  • FIIs have been selling aggressively for last three-four days
  • For last three trading sessions Nifty broke previous days low and last two trading sessions Nifty tested 18,050 and took support followed by some recovery
  • So fart Nifty is getting support from Bank Nifty
  • New Covid outbreak may worsen in the coming days, In UK and Germany new Covid cases are rising
  • RIL and ICICI Bank will be in focus today and some stability around IT stocks
  • Nifty range is currently between 18,000-18,200
  • Nifty PCR 0.9 and Bank Nifty PCR 0.94