US Futures are trading in Green. Dow Jones was ended in Green whereas Nasdaq was ended in Red. Vix Down by 2.52%, Dollar Index appreciated slightly.

Asian      

Asian Markets were opened mixed

China     

Trading Lower

Europe

Ended in mixed

India      

The Corona case has been peaked out. Many states have reported decreasing order of cases. With the positive news, the market may rally further. Stock specific action ahead of results.

Global Cues  

Major Banking ADR such as Axis Bank, HDFC Bank, ICICI Bank and Infosys & Tata Motors are trading at Green

SGX Nifty     

Opened slightly lower. Currently trading at 15170

Behavior

After tested the gap, Nifty has shot up significantly and ended in Green. From February to May, Nifty has been traded in a channel. The Channel was broken and further rally would be there. Please find the screenshot.

Events    

Rupee ends at day high at 72.80 per dollar

Stocks to watch     

• SBI Q$ profit Rs. 6450.7 Cr and announced dividend of Rs. 4/ share
• Hindalco posted Q4 189% profit
• L&T Q4 profit at 3%
• India Cement and Ramco Cement yet to declare results on today

FII/ DII 

FII has bought for 510 Cr and DII has bought for 649 Cr in cash market.

Data       

Retail Investors/Traders' participation has been increased. About 56% Long Contracts and 45% Put Contracts done by Retail 

NIFTY  

May be trading between 15000 to 15500 in coming days.

NIFTY FUT 

A premium of 31 points

BANK NIFTY      

Ended in green and Took support at 33400

BANK NIFTY FUT     

A premium of 160 points

ORDERS      

SBI due to positive result

 OPEN INTEREST

Unwinding at 14900 CE, 15000 CE and 15100 CE and more puts are added at 15000 PE and 15100 PE.  Find the Screenshot

TECHNICAL

Max Pain moved to 15000. View of the market is bullish.

REMARKS   

We are at the final expiry of this month. Market will be more volatile on this expiry. Stock Specific action will be there. So take position accordingly. Probability of hitting SL would be high.