PRE MARKET REPORT, SEP 28, 2021

US Markets closed mixed Nasdaq closed marginally higher and Dow closed marginally lower
Asian markets mostly trading lower
SGX Nifty indicating a flat start with 18 points gain
Big surge in crude, Brent nears $80/bbl mark
FIIs net sold shares worth Rs 594.63 crore while DIIs net bought shares worth Rs 1397.69 crore
Auto stocks where in focus yesterday saw big buying in all Auto stocks
First signs of decline in market leading IT stocks. HCL Tech, Wipro, Infosys down 2-4% yesterday
In a bull market sectoral rotation happens we can clearly see profit booking in IT and now focus turning to Realty and Auto
Looking at OI 18,000 is looking a strong resistance.
17,800 put option has huge OI and 17,900/800 call options added huge OI yesterday
No major news flow expected in next two days hence market mostly will be range bound
Nifty PCR 0.98 and Bank Nifty PCR 0.90

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