Pre Market Report
13-MAY-2022
° SGX NIFTY Is At 15966 (+149)
° NASDAQ Is At 11370 (+7)
° DOW JONES Is At 31730 (-103)
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° In NIFTY 15600PE, 15500PE and 16000CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 33000PE and 34000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 17% Long And 73% Short.
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° Today SBIN, BOB, BANDHAN BANK, UCO BANK, TECH MAHINDRA, HAL, ESCORT & EICER MOTORS will declare the results.
° Yesterday, CPI INFLATION DATA has came higher than expected. And IIP DATA has came lower than expected.
° Inflation getting broad-based, RBI set to hike repo by another 1% : Report
° SoftBank reports record loss, will trim tech invest protfolio.
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° FII's selling spree continues. DIIs are also buying in large volume.
° DOLLAR INDEX is rising at a rapid pace, is a NEGATIVE.
° ₹RUPEE is also depreciating, is another NEGATIVE.
° CRUDE OIL prices are rising again, is a NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are falling down.
° GOLD prices are significantly down from the recent high.
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° Yesterday, US MARKETS were very volatile and closes with MIX BIAS.
° EUROPEAN MARKETS have also closed in RED.
° Currently, US FUTURES are trading slightly in GREEN.
° ASIAN MARKETS are also trading in GREEN.
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° DATA WISE THINGS ARE NEGATIVE. GLOBAL CUES ARE SLIGHTLY POSITIVE.
° FIIs are on a never ending selling spree. And DIIs are buying at lower lower levels. So, we can expect this trend to continue.
° ₹Rupee is failing to recover and Crude Oil prices are rising again. It will put negative pressure on BANKING STOCKS.
° CPI INFLATION DATA & IIP DATA for april are also very disappointing for our market.
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° SGX NIFTY is indicating huge gap up opening. But again do not chase the gap up.
° Because Local Cues are NEGATIVE due to the disappointing CPI INFLATION & IIP DATA.
° Any gap up opening is most likely to be sold off. And upside will remain limited.
° SBI will declare the results during market hours. So keep an eye on it.
° Also keep tracking the global markets and news flows along with the other data.
