Pre Market Report - December 9, 2024

Premarket Report for December 10, 2024:

🔹 Global Market Overview:

US Markets: Mixed performance with a cautious tone due to economic data and corporate earnings updates.

Asian Markets: Mostly flat, with limited movement in major indices due to global uncertainties.

🔹 Indian Market Outlook:

Nifty 50: Likely to open 📉 flat to slightly higher. The index has been consolidating between 24,600-24,700. A breakout above 24,750 could target higher levels. Support at 24,400 remains critical.

Sensex: Expected to follow a similar trend, with focus on major stocks and sectors like banking and FMCG.

🔹 DII & FII Activity (December 9, 2024):

DII: Net outflow of ₹1,648.07 crore.

FII/FPI: Net inflow of ₹724.27 crore, showing foreign investor optimism.

🔹 Key Levels to Watch:

Nifty Support: 24,400

Nifty Resistance: 24,750

Bank Nifty Support: 52,600

Bank Nifty Resistance: 53,800

🔹 Market Sentiment:
Market sentiment remains cautiously positive ⚖️, driven by institutional flows 💰 and technical analysis 📈. Traders are keeping an eye on global cues 🌍 and domestic earnings.

Stay tuned for any major market updates that may influence the opening! 📊

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