PRE MARKET ANALYSIS 31-05-2021

 PRE-MARKET ANALYSIS

US

ü  Market ended in green and U.S. closed for a holiday

ü  US Futures are trading Green

ü  U.S. payrolls data to be released on Friday

ü  Dollar Index slightly depreciated

Asian

ü  Asian Markets are trading at Green

ü  Revival in hiring in May in the US and keep the global recovery on track

China     

China has released Manufacturing, Non-Manufacturing, and Composite PMI and all results upto the mark.

Europe

Ended Green

India      

Labour Ministry announced Dependents benefits for Covid Victims

Paytm board gives in-principle approval for IPO

Global Cues

All major ADRs are trading in red except Wipro and HDFC Bank

Commodity

Gold and Crude trading at slightly Higher

SGX Nifty     

Opened red and Currently trading at 15,429

Behavior

US market is closed on today. Market Participation will be less today. Sgx opened in red and trading 40 points lower. We may expect Nifty to open in the red.     

Events    

Rupee ends at day high at 72.44 per dollar – Rupee Appreciated heavily

Stocks to watch     

Indian Bank, M&M, Divis Lab, and Sun Pharma posts Profits and Bank of Baroda posts Loss

Auro Pharma releasing results today.

FII/ DII 

FII has buy for 913.59 Cr and DII has bought for 1275.22 Cr in cash market.

Data       

Retail Investors/Traders' participation has been increased. About 57% Long Contracts and 44% Put Contracts done by Retail 

NIFTY  

Achieved ATH and crossed 61.8 % Fibonacci retracement level. Need some correction to move further. Buy on dips.

NIFTY FUT 

A premium of 28 points

BANK NIFTY      

Ended in Red and moved about 459 points from intraday high to low

BANK NIFTY FUT     

A premium of 80 points

OPEN INTEREST

More Calls and Puts were added at 15500. Smart people will do a short straddle at 15500. In a broader view market may rally between 15500 to 16000.

TECHNICAL

Max Pain at 15300. The view of the market is bullish. Also, we may expect the slight correction to move further.

REMARKS

Vix crashed for 12.59%. Volatility has been reduced and the market will act at a stable. All broad market indices were traded Green and Sectoral indices were ended Green except Pharma (Due to Sun Pharma). The view of the market is Consolidation to slightly bullish.

PRE MARKET ANALYSIS 28.05.2021

 PRE-MARKET ANALYSIS 28.05.2021

US

ü  Yesterday Job claims data released, Jobless claims fell to a new pandemic low

ü  US Futures are trading Green

ü  Dow Jones, S&P were ended in Green and Nasdaq was ended in Red

ü  Vix down by 3.57% and trading at16.74 which is lower than India Vix

ü  Dollar Index appreciated slightly

Asian

Asian markets are trading at Green

China     

Ended slightly red

Europe

Ended mixed

India      

Surplus of Rs 99,122 crore as against Rs 57,127.53 crore in the previous year, representing an increase of 73.51 %, as per the RBI's Annual Report - 2020-21.

Global Cues

All major ADRs are trading in Green

Commodity

Gold and Crude trading at slightly Higher

SGX Nifty     

Opened Green and Currently trading at 15457

 

Behavior

All over the world markets are traded green. Also, the Nifty has crossed ATH on a closing basis. If the rally continues, we may expect to touch 16000 in the new series. Today will be the first day of the June Series.    

Events    

Rupee ends at day high at 72.683 per dollar – Rupee Appreciated Slightly

Stocks to watch     

BPCL failed to move higher yesterday and it was ended with red

Eicher Motor, Sun Pharma has posted a higher profit for the last quarter

FII/ DII 

FII has sold for 660.90 Cr and DII has bought for 112.38 Cr in the cash market.

Data       

Retail Investors/Traders' participation has been increased. About 56% Long Contracts and 41% Put Contracts done by Retail 

FII
Future Index Long %	88
Future Stock Long %	51

NIFTY  

The traded intraday high of 15384 to low of 15272 which is about 112 points. Formed Doji type of candlestick in Day and at 61.8 Fibonacci retracement.

NIFTY FUT 

A premium of 50 points

BANK NIFTY      

Ended in Green and moved about 791 points from intraday high to low

BANK NIFTY FUT     

A premium of 213 points

ORDERS      

Zeel – having high rollover data, long Build up, and Breakout with high volume. Find the screenshot.  

OPEN INTEREST

More Calls and Puts were added at 15300. Smart people will do a short straddle at 15300. In a broader view market may rally between 15000 to 15500.

TECHNICAL

Max Pain at 15200. The view of the market is bullish. Also, we may expect the slight correction to move further.

REMARKS

All broad market indices were traded Green and Sectoral indices were ended Green except FMCG, PHARMA, and REALTY. The view of the market is bullish.

 

PRE MARKET ANALYSIS 27.05.2021

 PRE MARKET ANALYSIS 27.05.2021

US

ü  US Futures are trading in Slightly lower

ü  Dow Jones and Nasdaq were ended in Green

ü  Vix down by 7.86%

ü  Dollar Index appreciated slightly

ü  Reopening of economy which lift the market higher 

ü  Crude Oil Inventories fell 1.662 million barrels per week

Asian

Asian Markets are trading at RED

China     

Ended higher

Europe

Ended mixed

India      

India becomes the second country in the world to reach 20 crore vaccination after the United States

Global Cues

Major Banking and Tech ADRs are trading at Green such as Axis Bank, HDFC Bank, ICICI Bank, Infy, Tata Motors, and Wipro

Commodity

Gold and Crude trading at slightly lower

SGX Nifty     

Opened Green and Currently trading at 15344

Behavior

The market has raised significantly ahead of New Stimulus package and Monthly Expiry. Tech, Financial Services, Auto and Some pharma has helped Nifty to make Second highest of 15301 which is 130 points away from the ATH. If this rally continues, we may expect a new high at this expiry.   

Events    

Rupee ends at day high at 72.70 per dollar – Rupee Appreciated Slightly

Stocks to watch     

BPCL declares Rs 12,581 crore dividend ahead of privatization

Eicher Motor, Sun Pharma, and Strides yet to declare results

FII/ DII 

FII has bought for 241.60 Cr and DII has Sold for 438.59 Cr in the cash market.

Data       

Retail Investors/Traders' participation has been increased. About 59% Long Contracts and 47% Put Contracts done by Retail 

NIFTY  

May be trading between 15300 to 15500 until expiry

NIFTY FUT 

A premium of 2 points

BANK NIFTY      

Ended in red and moved about 445 points from intraday high to low

BANK NIFTY FUT     

A premium of 39 points

ORDERS      

Yesterday the market was supported by Bajaj Finserv and Bajaj Finance. Major PSU Stocks and Steel were bearish.  

OPEN INTEREST

More puts are added at 15200 PE, 15250 PE and 15300 PE and unwinding of calls are seen at 15200 CE and above. More puts are added than Calls.

TECHNICAL

Max Pain moved to 15200. View of the market is consolidation to bullish.

REMARKS

All broad market indices were traded within the range of 1% and Sectoral indices were ended mixed and traded below 1% except IT, Media, Realty have been higher at 2%. Consumer and Media Stocks need to be watched as Corona cases are stepping down. Nifty to be traded between 15200 and 15500 in this expiry.

PREMARKET ANALYSIS 26.05.2021

 PREMARKET ANALYSIS 26.05.2021