Pre Market Report
12-AUG-2022
° SGX NIFTY Is At 17700 (+11)
° NASDAQ Is At 12779 (-74)
° DOW JONES Is At 33336 (+27)
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° In NIFTY 17500PE and 17800CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 38500PE and 39000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 55% Long And 45% Short.
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° MONDAY WILL BE NATIONAL HOLIDAY, ON THE OCCASION OF INDEPENDENCE DAY.
° ONGC, GRASIM, DIVI's LAB, HERO MOTOCORP will be declaring the results today.
° INDIA's CPI INFLATION DATA will be released today.
° Fed officials say more rate hikes needed, despite slowing inflation
° Opec has reduced its global demand growth forecast for 2022
° There's no fresh news from China-Taiwan front.
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° FIIs are keep buying in cash market. DIIs are continue to be net sellers.
° DOLLAR INDEX is slightly higher from yesterday's but not rising much.
° ₹RUPEE is continue to depreciate, is a NEGATIVE.
° Crude Oil prices are rising again but still remains on the lower side.
° US 10 YR & 02 YR BOND YIELD are also rising higher.
° GOLD price is not rising further.
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° Yesterday, US MARKETS have failed to sustain the higher levels and closes FLAT with MIX BIAS.
° EUROPEAN MARKETS had also closed FLAT with MIX BIAS.
° Currently, US FUTURES are trading FLAT with slightly POSITIVE BIAS.
° ASIAN MARKETS are trading mostly in GREEN.
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° DATA WISE THINGS ARE NEGATIVE. GLOBAL CUES ARE MIX.
° FII's buying at lower level is helping our market to continue the rally. Whereas DIIs are selling at higher levels.
° Dollar Index is rising again, ₹Rupee is failing to recover and Crude Oil prices are also rising, will be concern.
° Markets are still firm and bullish but market have no significant trigger to continue the rally aggressively.
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° SGX NIFTY is indicating slight gap up opening.
° NIFTY is looking weaker than BANK NIFTY.
° Yesterday's high & low will be important to watch in both, NIFTY & BANK NIFTY.
° Higher levels may come under selling pressure, Whereas Lower levels are likely to be get bought.
