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PRE MARKET REPORT, OCT 6, 2021

  • US markets rallied on Monday and closed on back of rebound in Tech stocks
  • Asian markets currently trading mixed
  • SGX Nifty indicating a negative start with 29 points cut
  • FIIs net sold shares worth Rs 1,915.08 crore while DIIs net purchased shares worth Rs 1,868.23 crore
  • Moody’s ups India outlook looks its factored in if you see yesterdays SGX Nifty low rally of more than 150 points clearly looks some insider news that took the rally
  • Despite such a rally FIIs have sold more than 1900 cr
  • IT stocks surged in second half yesterday
  • Looking at OI 17,900/18,000 has significant Call writing and 17,600/700 as max Put writing indicating 17,700 to form a good support
  • Nifty PCR 1.13 and Bank Nifty PCR 1.02