Pre Market Report
02-DEC-2021
° SGX NIFTY Is At 17167 (-77)
° NASDAQ Is At 15254 (-283)
° DOW JONES Is At 34022 (+461)
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° In NIFTY 17000PE And 17300CE, 17400CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 36000PE And 36500CE, 37000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 73% Long And 27% Short.
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° TODAY IS WEEKLY EXPIRY And Expect Volatility To Be Continued.
° HERO MOTO CORP. & EICER MOTORS Have Declared Lower Than Expected AUTO SALES DATA.
° Yesterday, On The Second Day Of Testimony FED Chairman Has Again Said That BOND TAPERING Will Start Soon.
° And US Has Reported First Case Of Omicron Variant And A Knee-jerk Reaction Took Down The Global Markets From The Highs.
° SGX NIFTY Has Also Fallen From The High, Whereas Other Asian Markets Are Trading Either Flat Or Slightly In Red.
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° FIIs Are Continuously Selling In Cash Market But They Are Increasing Long Positions In INDEX F&O.
° DIIs Are Buying Very Aggressively Since The Recent Crash.
° Which Indicates That Retail People Are Investing Heavily In Mutual Funds.
° DOLLAR INDEX Has Recovered And Currently Trading Around Is $96 Is A Negative.
° ₹Rupee Has Also Lost Yesterday's Gain.
° Crude Oil Prices Are Now Significantly Lower Is A Positive.
° US 10 YR Bond Yield Has Also Fallen Down Is A Positive.
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° Yesterday, EUROPEAN MARKETS Have Closed Significantly Higher.
° Whereas US MARKETS Have Fallen Drastically From The Intraday Highs.
° So, COVID Omicron Variant Is Continue To Be A Concern For The Stock Market.
° We Are At Least One Week Away From Some Concrete Information About Vaccines Effectiveness And Severity Of This New Variant.
° Currently, US FUTURES Are Recovering And Trading In GREEN But We Have To Have A Close Look At It Through Out The Day.
° Some Data Points Are Getting Better But Sentiment Is Getting Bad. So Be Cautious. ⚠
#MacroEconomy
