Pre Market Report
31-JAN-2022
° SGX NIFTY Is At 17271 (+179)
° NASDAQ Is At 13770 (+417)
° DOW JONES Is At 34725 (+564)
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° In NIFTY 16800PE And 17300CE To 17500CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 37000PE And 38000CE, 38500CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 28% Long And 72% Short.
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° Today, FM SITARAMAN Will Present The Economic Survey.
° UNION BUDGET WILL BE ANNOUNCED TOMORROW.
° Today SUNPHARMA, TATA MOTORS, UPL, IOC, BPCL Will Be Declaring The Results.
° Most Of The NIFTY & BANK NIFTY Companies Have Declared Good Results So Far.
° RUSSIA-UKRAINE Conflict Is Heating Up. Because Russia Has Deployed More Soldiers At Ukraine Border.
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° FIIs Are Selling Very Heavily. Whereas DII's Buying At Lower Levels Has Gave Some Relief.
° DOLLAR INDEX Is Well Above Our Market's Comfort Zone.
° ₹RUPEE Has Gained Some Strength Back, Is A Positive.
° CRUDE OIL Prices Are Too High For Our Markets.
° US 10 YR BOND YIELD Has Slightly Cooled Off But Still Remains On The Higher Side.
° GOLD Prices Are Significantly Down From The Recent High Is A Positive For Equity Markets.
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° On Friday, US MARKETS Have Bounced Back Strongly And Closed Significantly Higher.
° Whereas EUROPEAN MARKETS Were Under Huge Selling Pressure And Closed In RED.
° Currently, US FUTURES Are Trading FLAT With Positive Bias. And Most Of The Asian Markets Are Also Trading In GREEN.
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° DATA Wise Things Are Not Very Encouraging. Global Cues Are Positive.
° However, Market Will Be Only Focusing On The Tomorrow's UNION BUDGET.
° FII's SHORT Position Is Too Much In Index F&O. If Markets Starts Moving Significantly Higher.
° FIIs Have To Be Run For Cover. Which Will Push The Market Even Higher.
° So, Be Cautious. Market Can Be Choppy & Volatile.
