Pre Market Report
09-MAY-2022
° SGX NIFTY Is At 16224 (-196)
° NASDAQ Is At 12144 (-173)
° DOW JONES Is At 32899 (-98)
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° In NIFTY 16200PE and 16700CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 34000PE and 35000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 22% Long And 78% Short.
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° Today, our market will react on RIL RESULTS. RIL is having the highest Weightage in NIFTY.
° Axis MF suspends two fund managers amid allegations of irregularities.
° Adani leads the race to buy Ambuja and ACC.
° LTI and Mindtree announce merger.
° G7 countries pledge to stop importing Russian oil.
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° FIIs are continue to sell in large volume. And DIIs are trying to buy as much as possible.
° DOLLAR INDEX is very high, is a NEGATIVE.
° ₹RUPEE is losing more strength, is BIG NEGATIVE.
° CRUDE OIL prices are also high, is another NEGATIVE.
° US 10 YR & 02 YR BOND YIELD rising higher, is a NEGATIVE.
° GOLD prices can be considered as fine for now.
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° On Friday, US MARKETS were closed slightly in RED.
° EUROPEAN MARKETS had fell significantly and closes in RED.
° Currently, US FUTURES are trading in RED.
° ASIAN MARKETS are also trading in RED.
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° DATA WISE THINGS ARE EXTREMELY NEGATIVE. GLOBAL CUES ARE ALSO NEGATIVE.
° First, DIIs are buying at lower levels but then FIIs are using the bounces to sell.
° Crude Oil prices are rising and depreciation in ₹Rupee at the same time are always bad for our economy.
° Dollar Index is rising and US BOND YIELD are also rising.
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° SGX NIFTY is indicating huge gap down opening
° RIL results are also below estimation. It falls 2.49% in london stock exchange.
° Axis Mutual fund scam will force people redeem the funds in panic.
° So, it's going to be another painful day for our markets. Avoid taking long positions.
° Bounces will continue to be shorting opportunity.
