PRE MARKET REPORT, SEP 24, 2021

  • US Markets gained more than 1% yesterday 1000 point rally in just two days
  • Asian markets were trading mixed in the morning
  • SGX Nifty indicating a flat opening with 11 points gains
  • FIIs net acquired shares worth Rs 357.93 crore while DIIs net purchased shares worth Rs 1,173.09 crore
  • Markets have had 2 days of a big rally historically we have seen some profit booking on 3rd day
  • Big delivery buying in SBI and HDFC Bank
  • We still have lot of shorts in the market people have been shorting market at every level ahead of weekend people might want to cover the short positions
  • Nifty PCR 1.03 and Bank Nifty PCR 0.91