PRE-MARKET ANALYSIS

US

ü  US Futures are trading in Green

ü  Dow Jones and Nasdaq were ended in Green

ü  Nasdaq up by 1.41%

ü  Vix Down by -8.68%

ü  Dollar Index depreciated slightly

ü  Positive Clues are reopening trade, signs the vaccine rollout and allow cruise lines to resume operations in Alaska 

Asian

Asian Markets are trading green

China     

Ended slightly lower

Europe

Ended Green

India      

The new storm that has been formed in the Bay of Bengal named Yasa may hit Odisha and Bangladesh. There is no major event today. With the positive news, the market may rally further. Stock specific action ahead of results.

Global Cues

Major Banking ADR such as Axis Bank, Dr. Reddy, ICICI Bank, Tat Motor, Vedanta and Wipro are trading at Green and Infosys & HDFC Bank are trading at Red

Commodity

Crude trading at slightly higher and Gold trading at slightly lower

 

SGX Nifty     

Opened Green. Currently trading at 15265

Behavior

After the rally last Friday, nifty has made Doji Candle in Day chart. It just moved 111 points from high to low. We may expect further rally with positive global cues.

Events    

Rupee ends at day high at 72.835 per dollar

Stocks to watch     

Following Stocks set to declare results on tomorrow: Berger Paints, BPCL and Burger King

Banks Board Bureau recommends Shanti Lal Jain as Indian Bank MD & CEO

FII/ DII 

FII has bought for 585.36 Cr and DII has Sold for 707.69 Cr in the cash market.

Data       

Retail Investors/Traders' participation has been increased. About 58% Long Contracts and 46% Put Contracts done by Retail 

NIFTY  

May be trading between 15000 to 15500 in the coming days

NIFTY FUT 

A premium of 5 points

BANK NIFTY      

Ended in green and moved about 688 points from intraday high to low

BANK NIFTY FUT     

A premium of 55 points

ORDERS      

SBI has touched 420 level

OPEN INTEREST

Unwinding at 15000 CE and 15100 CE and more puts are added at 15200 PE and more calls are added at 15300 CE

TECHNICAL

Max Pain moved to 15100. The view of the market is bullish.

REMARKS

All broad market indices and Sectoral indices except FMCG and Steel were ended green yesterday. SBI has contributed more to Bank Nifty for the rally.