Pre Market Report
11-MAY-2022
° SGX NIFTY Is At 16174 (-36)
° NASDAQ Is At 11737 (+114)
° DOW JONES Is At 32160 (-85)
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° In NIFTY 16200PE, 16000PE and 16400CE 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, US INFLATION DATA WILL BE RELEASED AFTER OUR MARKET HOUR.
° TOMORROW, INDIA's CPI INFLATION DATA WILL BE RELEASED.
° BSE, ADANI PORTS will be declaring the results today.
° Equity Mutual funds inflows slip 44% in April.
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° FIIs are selling in large volumes. And DIIs are also buying in large volume.
° DOLLAR INDEX rising further, is a NEGATIVE.
° ₹RUPEE is not losing further strength, is a POSITIVE.
° CRUDE OIL prices are continue to fall down, is a POSITIVE.
° US 10 YR & 02 YR BOND YIELD are cooling off but are still very high.
° GOLD prices are also falling down.
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° Yesterday, US MARKETS have fell drastically from day's high and closes with MIX BIAS.
° EUROPEAN MARKETS have closed in GREEN.
° Currently, US FUTURES are trading slightly in GREEN.
° ASIAN MARKETS are also trading with MIX BIAS.
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° DATA WISE THINGS ARE MIX. GLOBAL CUES ARE ALSO MIX.
° DIIs are buying the dips first. But FIIs are selling after DII's buying.
° So, FII's selling will continue to haunt our market.
° ₹Rupee is not depreciating further and fall in Crude Oil prices will give encouragement to BANKING STOCKS.
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° SO, WE CAN EXPECT SOME RECOVERY TODAY.
° But be cautious at higher levels, because FII's selling can wipe out some of the recovery.
° US INFLATION DATA is expected to come lower than previous month.
° If it happens, then a massive short covering will push the markets higher.
° Tomorrow INDIA's CPI INFLATION DATA is also inline to be released. SO, VOLATILITY WILL REMAIN.
