Pre Market Report
06-MAY-2022
° SGX NIFTY Is At 16454 (-237)
° NASDAQ Is At 12317 (-647)
° DOW JONES Is At 32997 (-1063)
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° In NIFTY 16500PE 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 28% Long And 72% Short.
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° Today RIL, Federal Bank, Canara Bank, Tata Power will declare the results.
° Bank of England raises interest rates and it warns of recession and 10% inflation.
° Banks in India raises FD rates & lending rates for external benchmark loans after surprise RBI rate hike.
° RUSSIA-UKRAINE war continues. Russia and many countries are imposing sanctions on each other.
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° FIIs are keep on selling. And DIIs are buying as much as possible.
° DOLLAR INDEX is significantly higher, is a NEGATIVE.
° ₹RUPEE is depreciating further, is BIG NEGATIVE.
° CRUDE OIL prices are also rising, is another NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are also moving higher, is not a good thing for emerging markets.
° GOLD prices are falling down, is a POSITIVE.
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° Yesterday, US MARKETS have fallen significantly and closes in DEEP RED.
° EUROPEAN MARKETS have also failed to sustain the higher levels and closes with NEGATIVE BIAS.
° Currently, US FUTURES are trading in FLAT with slightly NEGATIVE BIAS.
° ASIAN MARKETS are also trading in RED.
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° DATA WISE THINGS ARE ON THE NEGATIVE. GLOBAL CUES ARE EXTREMELY NEGATIVE.
° FII's selling seems to be never ending as of now. They will keep on selling at bounces.
° DIIs are continue to support the market at lower levels but they may also lose patience at some point. So, be cautious.
° High Crude Oil prices & depreciation in ₹Rupee is never a good thing for our economy.
° Rising, Dollar Index and US BOND YIELD are also not good for our market.
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° SGX NIFTY is indicating huge gap down opening. But do not chase the gap down.
° Because some profit booking can give a small pull back at opening.
° Bounces will continue to come under selling pressure.
° So, it's time to be more CAUTIOUS. Avoid taking long positions.
° Keep tracking the global markets and news flows along with the data.
