Pre Market Report
12-MAY-2022
° SGX NIFTY Is At 16976 (-191)
° NASDAQ Is At 11364 (-373)
° DOW JONES Is At 31834 (-326)
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° In NIFTY 16000PE and 16300CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 34000PE and 35000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 21% Long And 79% Short.
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° TODAY IS WEEKLY EXPIRY.
° L&T, TATA MOTORS, RBL BANK will be declaring the results today.
° INDIA's CPI INFLATION DATA will be released today.
° RBI to consider more Interest rate hikes, and raise inflation forecast at june policy meeting.
° RBI is likely to intervene more in currency if volatility presist.
° Morgan Stanley cuts India's GDP growth forecasts for FY23-24 to 7.6% from 7.9%.
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° FIIs are are keep on selling. And DIIs are buying in large volumes now.
° DOLLAR INDEX remains on the higher side, is a NEGATIVE.
° ₹RUPEE is failing to recover, is a NEGATIVE.
° CRUDE OIL prices are rising again, is another NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are cooling off.
° GOLD prices are also falling down.
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° Yesterday, US MARKETS have fell again and closes in RED.
° EUROPEAN MARKETS have closed significantly higher.
° Currently, US FUTURES are trading slightly in GREEN.
° ASIAN MARKETS are also trading in RED.
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° DATA WISE THINGS ARE NEGATIVE. GLOBAL CUES ARE MIX.
° FIIs are selling with blind eyes. Whereas DII's buying at lower level is giving relief.
° ₹Rupee is failing to recover and Crude Oil prices are rising again will put negative pressure on BANKING STOCKS.
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° SGX NIFTY is indicating huge gap down opening. But do not chase the gap down.
° FII's short positions are significantly high. And today is weekly expiry as well.
° So it will make the market more VOLATILE. And huge swings can happen both the sides.
° Bounces will continue to come under selling pressure
