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PRE MARKET REPORT, SEP 09, 2021

  • US markets ended lower on Wednesday due worries around Delta variant of Caronavirus, Dow has fallen for the last three days now
  • Asian markets trading lower
  • SGX Nifty indicating a negative start with 50 points cut
  • FIIs net sold shares worth Rs 802.51 crore while DIIs net bought shares worth Rs 0.60 crore
  • FIIs are looking to be in profit booking mode
  • Ahead of 3 days holidays trades will not look to carry any long positions
  • Looking at OI markets are looking to be range bound between 17,250 -17,450
  • Bank Nifty is to be closely watched yesterday it was Kotak Bank which supported Bank Nifty
  • Markets have been volatile for the last few trading sessions and likely to be volatile today
  • Nifty PCR 1.53 and Bank Nifty PCR 0.96