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PRE MARKET REPORT, OCT 5, 2021

  • US markets fell on Monday as potential US-China trade tension
  • Asian markets trading lower
  • SGX Nifty indicating a gap-down of 143 points, Important to see if this dip is used as buying opportunities buy bulls
  • FIIs net bought shares worth Rs 860.50 crore while DIIs net purchased shares worth Rs 228.06 crore
  • Nifty 20 DMA: 17563, Friday low: 17,454. Need to be tracked closely
  • Nifty in near term could trade between 17,500 to 17,900 and we may be consolidating before any significant moves
  • Major action will be seen next week, TCS will be coming with results on Friday evening and Infosys results next week
  • Rising crude prices are negative for India need to be watched very closely
  • Nifty PCR 1.12 and Bank Nifty PCR 1.01