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PRE MARKET REPORT, OCT 28, 2021

  • US Markets closed lower on Wednesday
  • Asian markets trading lower
  • SGX Nifty indicating a flat start with 17 points gain
  • Monthly expiry today markets have been volatile for the last 4-5 trading sessions
  • FIIs net sold shares worth Rs 1913.36 crore while DIIs net bought shares worth Rs 472.48 crore
  • FIIs have sold more than 2000 cr for 5 consecutive days taking it in excess of 12,000 cr
  • Stock specific action will be driving the market
  • Nifty OI indicate support near 18000 & resistance 18200-18300
  • Nifty Bank OI indicate support near 4000 & resistance 41000.
  • Nifty PCR 0.91 and Bank Nifty PCR 0.98