US

ü  US Futures are trading in Green

ü  Dow Jones and Nasdaq were ended in red

ü  Vix up by 2.39%

ü  Dollar Index appreciated slightly

ü  Travel and leisure stocks continued to trend higher 

ü  Crude Oil Inventories to be announced

Asian

Asian markets are trading at mixed

China     

Ended mixed

Europe

Ended mixed

India      

Cyclone Yaas to cross north Odisha-West Bengal coasts between Paradip and Sagar Island around May 26 noon

Bharat Biotech says it expects emergency use of Covaxin will be listing in July-September of this year

Global Cues

Major Banking ADRs are trading at red except Dr.Reddy and Infosys

Commodity

Gold and Crude trading at slightly higher

SGX Nifty     

Slightly red. Currently trading at 15206

Behavior

After the formation of Doji Candle, Market was opened at gap up i.e 15293 after that selling pressure came and went up to 15163 and then recovered and closed at  15218  

Events    

Rupee ends at day high at 72.77 per dollar

Stocks to watch     

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

FII/ DII 

FII has bought for 959.77 Cr and DII has Sold for 563.59 Cr in the cash market.

Data       

Retail Investors/Traders' participation has been increased. About 58% Long Contracts and 47% Put Contracts done by Retail 

FII
Future Index Long %	62.04
Future Stock Long %	52.50

 

NIFTY  

May be trading between 15200 to 15300 until expiry

NIFTY FUT 

A premium of 10 points

BANK NIFTY      

Ended in red and moved about 715 points from intraday high to low

BANK NIFTY FUT     

A premium of 96 points

ORDERS      

Yesterday the market was not supported by major contributors such as Reliance and HDFC bank. With their support, markets go further.

OPEN INTEREST

More puts are added at 15200 PE and unwinding of Puts are seen below 15000 PE. Calls are added at 15300 CE and above. 15200 Short straddle is holding good still expiry. We may see the consolidation phase as no major news.

TECHNICAL

Max Pain moved to 15100. View of the market is consolidation to slightly bullish.

REMARKS

All broad market indices and Sectoral indices were ended mixed and traded below 1% except Nifty Media has been increased by 3.17%. Media Stocks need to be watched as Corona cases are stepping down. Plan of reopening economy and recreation activities will be operated. We may see a consolidation phase and nifty to be traded between 15200 and 15300 in this expiry.