Pre Market Report
04-AUG-2022
° SGX NIFTY Is At 17489 (+49)
° NASDAQ Is At 12668 (+316)
° DOW JONES Is At 32812 (+416)
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° In NIFTY 17200PE, 17300PE and 17500CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 37500PE and 38200CE, 38500CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 55% Long And 44% Short.
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° TODAY IS WEEKLY EXPIRY.
° Adani Enterprises, Britannia, BHEL, GAIL, Will be declaring the results.
° RBI MONETARY POLICY MEETING will start today.
° OPEC Plus members agree to a small increase in oil production.
° Corporate results in USA is going extremely good.
° US is reporting strong economic data.
° 27 Chinese Warplanes Enter Taiwan's Air Defence Zone, Claims Taipei.
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° FIIs are keep buying in cash market whereas DIIs are selling.
° DOLLAR INDEX is rising slowly, is a NEGATIVE.
° ₹RUPEE is strength at a rapid pace, is BIG NEGATIVE.
° Crude Oil prices are continue to fall, is a POSITIVE.
° US 10 YR & 02 YR BOND YIELD are not rising further.
° GOLD price is in the comfort zone of equity markets.
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° Yesterday, US MARKETS have closed significantly higher in GREEN.
° EUROPEAN MARKETS have also closed in GREEN.
° Currently, US FUTURES are trading FLAT with slightly NEGATIVE BIAS.
° ASIAN MARKETS are also trading mostly in GREEN.
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° DATA WISE THINGS ARE MIX. GLOBAL CUES ARE POSITIVE.
° FIIs are buying in cash market and DIIs are selling in small volumes at bounces.
° FII's long positions are still more than short positions in Index Options.
° Dollar Index is rising slowly and ₹Rupee is also depreciating, will remain concern.
° Fall in Crude Oil prices will give more relief to our economy in curbing the inflation.
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° SGX NIFTY is indicating gap up opening.
° Do not chase the gap up, because there's not much of a upmove will left.
° However, If market sustains the gap up then further short covering can happen.
° Yesterday's high will become important support and expect market to remain volatile.
