Pre Market Report for 18-04-2022
US Stock Indices are on the backfoot amid higher yields and with soaring energy prices stoking inflationary concerns as tech jiant Nasdaq felled more than 2% whereas Dowjones closed slightly negative on Thursday closing . US Crude Futures felled 1.6% ened at $102 per barrel whereas Brent felled 1.5% to $107.16 per barrel on thrusday closing . Indian Equity markets continuing it's negative bias since few days amid inflationary concerns and global economic crisis as both Njfty50 and Sensex closed below 0.5% negative on Wednesday closing. Considering Q4 results season watchout sectorial stocks which may benefit from inflationary factor to grab some gains from untouched stocks. For today's trading session watchout Nifty50s 17400,17300,17150 as Support levels to grab some opportunity to short and look for most liquidity driven stocks to capture some down moves in intraday volatility