Pre Market - Snapshot - 29-06-2021

 US Stocks were mixed on Monday, Dow fell 0.44%, S&P 500 and Nasdaq hitting fresh record highs gaining 0.23% and 0.98% respectively. The small cap Russell 2000 also fell 0.52%.

Market are now awaiting fresh triggers and looking for firm direction on one side. 




US dollar index traded steady near 91.91, 10 year fell near 1.48%, Cboe Vix rose marginally but still trading below 16.


Crude futures declined ahead of OPEC meet, WTI below  73, Brent below 75. 


Indian stocks once again turned choppy ahead of FM's press conference announcing additional Covid measures to boost the growth. Both Nifty and Sensex closed lower after opening firm into fresh record territory. Metals and Healthcare sector saw some gains but IT and Capital goods stocks saw some profit taking at higher levels. Mid and small cap stocks saw some gains on back of select stocks specific action. 


For the day watch for continuation of rotational trade in index heavyweights. There are fresh breakouts outside the benchmarks that traders can take advantage of till Nifty crosses the near term resistance levels of 15900-16000.


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