Pre Market Report
22-JULY-2022
° SGX NIFTY Is At 16625 (+8)
° NASDAQ Is At 12059 (+161)
° DOW JONES Is At 32036 (+162)
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° In NIFTY 16400PE to 16000PE and 16800CE, 17000CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 35500PE, 35800PE and 36500CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 40% Long And 60% Short.
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° RELIANCE, BANDHAN BANK, JSW STEEL, ULTRATECH CEMENT will be declaring the results today. #RELIANCE #BANDHANBNK #JSWSTEEL #ULTRACEMCO
° Bad loan ratio of banks likely to fall to 5-5.5% by March 2024: S&P Global
° European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years.
° After Google, Amazon and Microsoft, Apple implements a hiring freeze amid fear of recession.
° China steps up approval of coal mining projects to secure supply.
° Deal on table to release millions of tonnes of grain from Ukraine ports.
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° FIIs are buying in cash market. DIIs are remain net sellers.
° DOLLAR INDEX is not rising much, is a POSITIVE.
° ₹RUPEE is also not depreciating, is another POSITIVE.
° CRUDE OIL prices are slightly higher but still remains on the lower side.
° US 10 YR & 02 YR BOND YIELD are not rising much.
° GOLD price is remain on the lower side.
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° Yesterday, US MARKETS have recovered from the day's low and closes in GREEN.
° EUROPEAN MARKETS have closed FLAT with MIX BIAS.
° Currently, US FUTURES are trading FLAT with slightly NEGATIVE BIAS.
° ASIAN MARKETS are also trading FLAT with MIX BIAS.
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° DATA WISE THINGS ARE SLIGHTLY BETTER. GLOBAL CUES ARE POSITIVE.
° FIIs have turned into net buyers now and they have also reduced their short positions significantly.
° DIIs are selling in very low volume.
° Dollar Index is not rising much, ₹Rupee is trying to gain strength and Crude Oil prices are remain on the lower side.
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° SGX NIFTY is indicating FLAT opening.
° Dips will continue to be buying opportunity.
° If NIFTY & BANK NIFTY sustains above yesterday's high than further upside will come.
° FOLLOW ON TELEGRAM FOR IN MARKET UPDATES AND TRADING IDEAS.
#NIFTY50 #NIFTYBANK
