Pre Market Report
05-AUG-2022
° SGX NIFTY Is At 17461 (+64)
° NASDAQ Is At 12720 (+52)
° DOW JONES Is At 32726 (-85)
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° In NIFTY 17200PE, 17000PE and 17500CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 37500PE and 38000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 52% Long And 48% Short.
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° M&M, TITAN, will be declaring the results today.
° Adani Enterprises Q1 Results: Net Profit Jumps 73% YoY To Rs 469 Crore, Revenue Up 225%
° RBI POLICY will be announced at 10:00AM.
° Market is expecting rate hike of 30-50bps.
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° US JOBS DATA will be released today.
° U.S. declares monkeypox outbreak a public health emergency
° BOE hikes interest rates to 1.75% and warns UK to enter recession with inflation to pass 13%
° Germany announces new COVID measures for fall winter.
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° FIIs are remain net buyers. DIIs are selling in small volume.
° DOLLAR INDEX is falling, is a POSITIVE.
° ₹RUPEE is recovering from yesterday's low, is BIG NEGATIVE.
° Crude Oil prices are falling further, is another POSITIVE.
° US 10 YR & 02 YR BOND YIELD are not rising much.
° GOLD price is rising but not it's not threatening.
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° Yesterday, US MARKETS have closed FLAT with MIX BIAS.
° EUROPEAN MARKETS have closed in GREEN.
° Currently, US FUTURES are trading FLAT with slightly POSITIVE BIAS.
° ASIAN MARKETS are trading with MIX BIAS.
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° DATA WISE THINGS ARE BETTER. GLOBAL CUES ARE NEUTRAL.
° FIIs are keep buying in cash market. Whereas DIIs are selling but in very small volume.
° FIIs long short positions are almost equal in Index Options.
° Dollar Index is falling, ₹Rupee is appreciating and fall in Crude Oil prices are good things for our economy.
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° SGX NIFTY is indicating gap up opening.
° Do not chase the gap up, because call writing is aggressive and there's no significant news for continuing the gap up rally.
° After the initial volatility, expect market to remain sideways.
° Once the RBI POLICY will be announced, then MARKET will become volatile to find some direction.
° China-Taiwan issue has now became very sensitive and its news flows will impact the market anytime. So, be cautious.
