Pre Market Report
07-DEC-2021
° SGX NIFTY Is At 17042 (+102)
° NASDAQ Is At 15225 (+139)
° DOW JONES Is At 35227 (+646)
.
° In NIFTY 16800PE, 16700PE And 17100CE To 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 63% Long And 37% Short.
.
° COVID Omicron Variant Is Spreading As Fast As Delta Variant But Omicron Variant Is Less Deadly.
° US's DR. FAUCI Is Also Hopeful That The Severity Of COVID Omicron Variant Is Less But Still Waiting For Firm Reports.
° TATA MOTORS Will Be Increasing The Prices Of Commercial Vehicles.
° SGX NIFTY Is Indicating Gap Up.
° It'll Give FII's A Chance To Sell But If The Gap Up Sustains It Can Led To Short Covering As Well.
.
° FII's Continuous Selling Is Haunting Our Market Very Badly. And It Is Expected To Be Continue.
° DOLLAR INDEX Is Continue To Rise Is A Negative.
° ₹RUPEE Is Also Depreciating Is More Negative.
° CRUDE OIL Prices Can Be Considered As Just Fine At This Point,But Further Rise Will Be Concerning.
° US 10 YR BOND YIELD Is Now Well Below The Recent Highs Is A Positive.
.
° Yesterday, US MARKETS Have Rallied Significantly Higher. DOW JONES Has Outperformed. And NASDAQ Has Also Recovered From The Lows.
° EUROPEAN MARKETS Have Also Did Well To Recover From The Past Two Session's Fall.
° Most Of The ASIAN MARKETS Are Trading In GREEN.
° TODAY, MARKET'S SENTIMENT IS SEEMS TO BE GOOD BUT DATA WISE IT IS STILL CONCERNING.
° BUT WE CAN EXPECT SOME RECOVERY TODAY.
#MacroEconomy
