Pre Market Report
01-DEC-2021
° SGX NIFTY Is At 17163 (+100)
° NASDAQ Is At 15535 (-245)
° DOW JONES Is At 34483 (-652)
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° In NIFTY 16900PE And 17200CE, 17300CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 35500PE And 36500CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 70% Long And 30% Short.
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° Tomorrow Is Weekly Expiry And Session Before Expiry Are Tends To Be Volatile.
° MANUFACTURING PMI DATA & MONTHLY AUTO SALES DATA Is Set To Be Released Today.
° Yesterday, After The Market Hours, INDIA's GDP DATA & CORE SECTOR GROWTH DATA Has Came Better Than The Expectations.
° Another Day Of SGX NIFTY INDICATING GAP UP Opening.
° But We Have To Be CAUTIOUS, Because FIIs Are Using This Opportunity To Sell Since Past Many Days.
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° DIIs Have Matched The FIIs Selling Yesterday As Well, Can Be Taken As A Positive.
° And We Can Expect DII's To Come At Lower Levels To Buy. If More Selling Happens.
° DOLLAR INDEX Has Again Shot Up To $96 Is A Negative.
° ₹Rupee Is Trying To Hold On.
° Crude Oil Prices Have Now Fallen Significantly Is A Positive.
° US 10 YR BOND YIELD Is Also Came Under 1.500
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° We Should Remember That MODERNA CEO Has Said That Current Vaccines May Not Be Effective On New COVID Omicron Variant. But It Can Be Said On A Business Purpose.
° Later On FED Chairman Said That INFLATION IS NO LONGER TRANSITORY. And They Will Reduce The Bond Purchasing Even Faster.
° Which Led US MARKETS & EUROPEAN MARKETS To Fall.
° However, US FUTURES Are Recovering And Trading In GREEN Right Now.
° On The COVID Front We Have To Wait For Research Reports Of Effectiveness Of The Current Vaccines.
° New Cases Of COVID Omicron Variant Is Continue To Be Found In Many Countries Is A Concern
° So, Expect Markets To Be Volatile And Jittery. Trade With Caution ⚠
#MacroEconomy
