Pre Market Report
03-DEC-2021
° SGX NIFTY Is At 17404 (-41)
° NASDAQ Is At 15381 (+127)
° DOW JONES Is At 34622 (+601)
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° In NIFTY 17300PE, 17200PE And 17500CE To 17700CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 36000PE And 37000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 73% Long And 27% Short.
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° Currently COVID Omicron Variant Is A New Headline Everywhere.
° Every Time A News Flashes About COVID Omicron Variant And Than Markets Starts Falling Down. But Recovering Quickly As Well.
° Yesterday, INDIA Has Also Reported Two COVID Omicron Variant Cases And Other Reports Are Yet To Be Confirmed.
° But Let's See How Market Is Going To Be React On It. Because We Are In Weekend As Well.
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° FIIs Selling Has Been Reduced In Past Two Days. And DIIs Are Buying More Than FIIs What Selling. So, Let's See If This Trend Continues.
° DOLLAR INDEX Is Now Above $96 Is A Negative.
° ₹RUPEE Remains Below ₹75 Can Be Considered As Just Fine.
° Crude Oil Prices Are Very Volatile But Still Well Below Recent Highs Is A Positive.
° US 10 YR BOND YIELD Is Below 1.500 Is Also A Positive.
° GOLD Prices Have Again Fallen Down, Which Indicates That Money Flow May Be Changing.
° Because Equity Markets Have Now Corrected Decently And Available For Purchase At Very Lucrative Price Compared To The Recent Highs.
° So, Markets May Be Waiting For The More Clear Information About The COVID Omicron Variant Before Further Rally.
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° Yesterday, US Markets Have Rallied Significantly Higher.
° Whereas, EUROPEAN Markets Were Under Selling Due To The Persisted Concerns Over The Omicron COVID Variant.
° Today, US JOBS DATA Will Be Released. Also US Has Reported 5 More COVID Omicron Cases.
° US FUTURES Are Reacting To And Trading Slightly In Red Currently.
° ASIAN Markets Are Also Slipped From The Intraday Highs.
° So, It's Better To Be Cautious For Now.
#MacroEconomy
