Pre Market Report
16-MAY-2022
° SGX NIFTY Is At 15827 (+52)
° NASDAQ Is At 11805 (+434)
° DOW JONES Is At 32196 (+466)
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° In NIFTY 15700PE and 16000CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 33000PE and 33500CE, 34000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 24% Long And 76% Short.
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° India's Foreign Exchange Reserve Falls $1.7BN, hits 1yr Low.
° BOB has posted better than expected results.
° Adani to buy Holcim’s stake in Ambuja Cements and ACC for $10.5 billion.
° Reliance Industries to acquire dozens of brands in $6.5bn consumer goods play.
° Chinas has reported disappointing economic data.
° China is planning to ease off some of lockdown restrictions.
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° FIIs are selling very aggressively. But DIIs are also buying with same enthusiasm.
° DOLLAR INDEX remains high, is a NEGATIVE.
° ₹RUPEE is failing to recover but also not depreciating any further.
° CRUDE OIL prices are continue to rise, is a NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are also rising again.
° GOLD prices are continue to fall.
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° On Friday, US MARKETS had closed well in GREEN.
° EUROPEAN MARKETS had also closed in significantly higher.
° Currently, US FUTURES are trading with NEGATIVE BIAS.
° ASIAN MARKETS are also trading with MIX BIAS.
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° DATA WISE THINGS ARE NEGATIVE. GLOBAL CUES ARE MIX.
° DIIs are buying very aggressively to match FII's selling volume. But FIIs are selling mostly at bounces.
° ₹Rupee is not recovering the losses and Crude Oil prices are rising again, will put some pressure on BANKING STOCKS.
° China's disappointing economic data has wiped off the recovery from global markets.
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° SGX NIFTY is indicating flat opening.
° So, bounces will continue to come under selling pressure. And higher levels will fail to sustain.
° But A lot of negatives are already factored in into the prices.
° So, we can also expect bounce back from intraday lows as well.
° Keep tracking the global markets and news flows along with the data.
