Pre Market Report
05-MAY-2022
° SGX NIFTY Is At 16835 (+146)
° NASDAQ Is At 12964 (+401)
° DOW JONES Is At 34061 (+932)
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° In NIFTY 16500PE to 16900CE and 17000CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 35000PE and 36000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 24% Long And 75% Short.
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° TODAY IS WEEKLY EXPIRY.
° Dabur, Marico, TVS Motors, ExideIND will declare the results today.
° Tomorrow, RIL will be declaring the results.
° LIC IPO subscribed 67% on first day of bidding.
° India Repo rate hike: Home, car loans to be more expensive, FD rates may also rise.
° US FED has increased the INTEREST RATE by 50bps and it was expected.
° European Union is planning to ban Russian crude oil.
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° FIIs are selling break free. And DIIs are now buying with caution.
° DOLLAR INDEX is slightly down from the recent high but still remains on the higher side.
° ₹RUPEE is gaining some strength, is a POSITIVE.
° CRUDE OIL prices are rising higher, is a NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are significantly higher, is concerning for emerging markets.
° GOLD prices are rising but it can be considered as fine for now.
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° Yesterday, US MARKETS have rallied significantly higher and closes in GREEN.
° EUROPEAN MARKETS have closed in RED.
° Currently, US FUTURES are trading in FLAT with slightly NEGATIVE BIAS.
° ASIAN MARKETS are trading with POSITIVE BIAS.
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° DATA WISE THINGS ARE STILL NEGATIVE. GLOBAL CUES ARE POSITIVE.
° FIIs are on a non stop selling spree. Whereas DIIs are buying less than usual.
° Crude oil prices are rising higher. But ₹Rupee is gaining strength is something good.
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° SGX NIFTY is indicating huge gap up opening. But do not chase the gap up.
° Bounces will continue to come under selling pressure.
° Real estate & Auto companies will be under selling pressure, due to the repo rate hike.
° FII's short positions in Weekly options expiry is significantly high.
° So, any short covering can push the market higher towards the end.
° It is not going to be a easy trading session. So, be Cautious.
