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.