Pre Market Report
LIC IPO hits Dalal Street, many market participants fear that India's largest public issue will suck out liquidity from the market, which is already under pressure from selloff by foreign investors.
# A Bearish Engulfing pattern - Daily
# On the weekly chart -consolidation between 17,400 and 16,800 level.
# Wall Street closes sharply lower
Gloomy quarterly report - Amazon Slumped
the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.
# Tech View
Bearish Engulfing pattern on the daily chart
settled below its 200-day and 50-day simple moving averages.
F&O: Support at 17,000
As per options data, Nifty has support at 17,100 followed by 17,000 while immediate resistances are spread across 17,300 to 17,500 range.
# Stocks showing buying interest
Varroc Engineering, MRPL, Angel Broking, Schaeffler India, Crisil, Varun beverages and Sun Pharma
# Stocks seeing selling pressure
Zomato