Date: 19.05.2021 PRE MARKET ANALYSIS

US

Ended Slightly lower. Vix up by 8%. US Futures and Dollar Index trading are lower. waiting on Wednesday's release of the minutes from the Federal Reserve's policy meeting last month

Asian

Slightly Lower

China

Slightly Lower

India

We may expect the rally to continue with the support of Auto Stocks. Yesterday's market moves with local cues. Corona Cases are stepping down. 

Global Cues

Major ADR such as HDFC Bank, ICICI Bank, Infy, TATA Motors, Vedanta and Wipro are trading high. 

SGX Nifty

Slightly lower. Trading near 15100

Behavior

All indexes have been raised significantly except VIX that is below 20. 

Events

The bull market has been supported by mostly Auto Stocks yesterday i.e M&M, Bajaj Auto, TataMotors, Eicher Motor

Stocks to watch

• TATA Motors has posted loss results yesterday after the market hour. Loss of 7,605.4 crores for the QE 03/21.

• Gland Pharma, Canara Bank, and Orient Cement were posted Positive results. Indiabulls Hsg tend to release the result today during market

FII/ DII

FII and DII are net buyers. The net bought of 618.49 Cr and 449.52 Cr respectively. FII have sold 6117 cr in 3 consecutive days

Data

Retail Investors/Traders' participation has been increased drastically. About 57% Long Contracts and 46% Put Contracts done by Retail 

NIFTY

Gap up at 15067 and ended green at 15108. The price was sustained for the whole day. See the below picture for more details

NIFTY FUT

A premium of 36 points

BANK NIFTY

Gap up at 33893 and ended green at 33922. The price was sustained for the whole day. See the below picture for more details

BANK NIFTY FUT

A premium of 123 points

INDIA VIX

Below 20. Was decreased drastically by 1.87%

ORDERS

All Auto stocks to watch today. More importantly TATA MOTORS. 

OPEN INTEREST

Unwinding at 14700 CE, 14800 CE, 14900 CE, and 15000 CE in weekly and Monthly May Expiry. 

TECHNICAL

The gap will be strong support for upcoming days.

REMARKS

For the short term, The World markets are in Consolidation. The rally may continue for few days.