PRE MARKET ANALYSIS 21-05-2021
US
US Futures are trading in Green. Dow Jones and
Nasdaq were ended in Green. Vix Down by 6.8%, Dollar Index depreciated
slightly. Tech Stocks were gained above 1%
Asian
Asian Markets were opened positively
China
Trading Lower
India
After the gap up of about 200 points on Tuesday. The Nifty tends to
retest the Gap up.
Global Cues
Major Tech ADR such Infy, Wipro trading green, Axis Bank, Dr
Reddy, Tata Motors is trading green and in the banking sector such as ICICI Bank
and HDFC Bank trading in Red.
SGX Nifty
UP by more than 100 points. Currently trading at 15070
Behavior
There was no significant move in all broad Market indices and
Sectoral indices except Nifty Metal (-3.21%), Nifty Bank (-1.04%), and Nifty
Realty (1.02%)
Events
IbullHsg was raised significantly about 8% due to results and
announced interim Dividend of Rs 9 and record date will be on 31st
of this month.
Stocks to watch
- Zeel
Q4 results on 20.05.2021. Profit at 275.8 Crore
- SBI
yet to declare results on today during market hours
- JSWSTEEL
and HINDALCO also releasing today
FII/ DII
FII has bought for 71.04 Cr whereas DII has sold
for 876 Cr in the cash market.
Data
Retail Investors/Traders' participation has been
increased. About 56% Long Contracts and 43% Put Contracts done by Retail
NIFTY
Nifty ended in red and took support at 14900.
NIFTY FUT
A premium of 17 points
BANK NIFTY
Ended in red and Took support at 33300
BANK NIFTY FUT
A premium of 111 points
ORDERS
SBI ahead of results
IbullHsg ahead of Dividend Record Date
OPEN INTEREST
Most Calls were written than Puts. 15000 CE, 14900 CE, and 14800 CE
were written heavily.
TECHNICAL
Max Pain moved from 15000 to 14900. View of the market is not
clear.
REMARKS
The expiry was closed below the 15000. The further view of the market
not yet clear. We need to wait for Confirmation Candle to take positions.
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