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PRE MARKET REPORT, SEP 21, 2021

  • US market fell in broad sell-off on Monday as fear of contagion from potential collapse of China’s Evergrande
  • Asian markets trading lower, Nikkei trading 2% lower
  • SGX Nifty indicating a positive start with 45 points gain
  • FIIs net bought shares worth Rs 92.54 crore while DIIs net sold shares worth Rs 1,626.58 crore
  • First dip bought, second dip broke morning lows
  • Yesterday’s high now becomes a resistance for Nifty
  • Australian markets recovered from morning lows and now trading in green hence we can expect some pull back in metal stocks
  • 17,250 should be a good support but VIX short up 15% hence premiums are very high
  • Looking at OI 17,500 call option has the highest OI both weekly and monthly hence market may find some resistance around 17,500
  • Nifty PCR 1.18 Bank Nifty PCR 1.05