Pre Market - Snapshot- 08-02-2022

 


US markets traded flat on Mondays closing as Dow closed almost flat whereas Nasdaq ended at 0.58% negative.


US Crude futures rally takes a pause  as it felled 1.1% on Monday after rallying for seven straight weeks .West Texas Intermediate (WTI) ended at $91.32 per barrel whereas brent ended at $92.64 amid Iran nuclear deal.


Indian markets continued its loosing streaking amid weak global cues and big sharks continuous selloff which triggered domestic equity benchmarks felled nearly 2% in the day as Sensex and Nifty50 closed 1.73% down .largecap stocks like hdfcbank,hdfc,bajajteins were among top index draggers.


Today's Trading Sessions Outlook

For today watchout nifty50 to sustain above 17250 for some reversal on upperside whereas weakness may continue further  below 17100 level.

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