Pre Market Report
07-OCT-2021
° SGX NIFTY Is At 17778 (+150)
° NASDAQ Is At 14766 (+92)
° DOW JONES Is At 34417 (+102)
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° In NIFTY 17500PE And 17800CE To 18000CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 37000PE And 38000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 53% Long And 47% Short.
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° Today Is Weekly Expiry.
° Tomorrow, RBI' s Credit Policy Will Be Released.
° This Week Was Very Volatile. And It Has Trapped Many Option Writers On Both The Sides.
° SGX NIFTY Is Indicating Huge Gap Up Today.
° And It Will Lead To Short Covering And Push The Market Higher, But This Short Covering Will Have To Stop At Some Point Of Time. So Be Cautious.
° DOLLAR INDEX & CRUDE OIL Prices Are Still Out Of Comfort Zone Of Our Market.
° ₹Rupee Is Inching Towards ₹75 Is Not A Good Sign.
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° Yesterday, US Markets Have Done Well To Recover From The Intraday Low.
° Because Russian President Mr. Putin Said That, They Will Rationalize Gas Prices And Increase The Supply.
° US Jobs Data Has Came Better Than The Expectations.
° US Debt Ceiling Limit Is Likely To Be Increased, Was A Good News There.
° US FUTURES Are Trading Well In GREEN.
° ASIAN Markets Are Also Trading In GREEN By Following US Markets.
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° So Today, Market's Price Action Will Mostly Be Impacted By The Expiry Related Adjustments And Global Cues.
° GLOBAL CUES ARE POSITIVE.
° LOCAL CUES ARE FLAT.
#MacroEconomy
