Pre Market Report
20-MAY-2022
° SGX NIFTY Is At 16001 (+216)
° NASDAQ Is At 11388 (-29)
° DOW JONES Is At 31253 (-236)
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° In NIFTY 15500PE and 16100CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 33000PE and 34000CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 30% Long And 70% Short.
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° Today NTPC, ZYDUS LIFE, Pfizer, AMARA RAJA will declare the results.
° India is in talks with Russia over a deal to buy oil at discounted rates : HPCL
° China has announced $5.4Tn package for supporting the economy.
° So, Metal Index will be on focus today.
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° FIIs are keep on selling everyday. DIIs are also remain net buyers.
° DOLLAR INDEX is falling down, is a POSITIVE.
° ₹RUPEE is trying to recover but still remains high.
° CRUDE OIL prices are remain on the higher side, is a NEGATIVE.
° US 10 YR & 02 YR BOND YIELD are down from the recent high, is a POSITIVE.
° GOLD prices are also rising but can be considered as fine for now.
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° Yesterday, US MARKETS have closed slightly in RED.
° EUROPEAN MARKETS have also closed in RED.
° Currently, US FUTURES are trading with POSITIVE BIAS.
° ASIAN MARKETS are also trading with POSITIVE BIAS.
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° DATA WISE THINGS ARE STILL NEGATIVE. GLOBAL CUES ARE SLIGHTLY POSITIVE.
° FIIs are selling is large volumes. And DIIs are trying to match FII's selling volume only at significant dips like yesterday.
° ₹Rupee is still remains at the higher side and rising Crude Oil prices, will remain a concern for BANKING STOCKS.
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° SGX NIFTY is indicating huge gap up opening without any reason. So, do not chase the gap up.
° Gap up is most likely to be sold off to some extent. But downside will be limited.
° We can expect some recovery today and early dips will be buying opportunity.
° Keep tracking the global markets and news flows along with the data.
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