PRE MARKET ANALYSIS 04.06.2021

 

PRE-MARKET ANALYSIS

US

ü  US Futures trading Lower

ü  Nasdaq, S&P and Dow Jones ended red

ü  S&P Vix increased by 3.20%

ü  Dollar Index slightly appreciated

Asian

All Asian markets fell

China     

Red

Europe

Ended Mixed

National News       

·      RBI monetary Policy on Friday

International News

ü  US treasury yields increased which cause Dollar Index to move higher and stocks to move lower

ADR

All Major ADRs trading red except Axis Bank and HDFC Bank.

Commodity

Gold and Crude felt drastically more than 0.5%

 

SGX Nifty     

Opened slightly down and Currently trading at 15,678.  

Rupee    

Rupee ends at day high at 72.91 per dollar – Rupee appreciated after two days

Stocks to watch     

Ø  Bank of Baroda, Punjab National Bank, SAIL and SUN TV are under F&O Ban

Ø  Punjab National Bank, Bank of India, Bharat Forge, MOIL are yet to announce result on today

FII/ DII 

FII has bought for 1079 Cr and DII has Sold for 278 in cash market.

Data       

Retail Traders' participation has been increased. About 58% Long Contracts and 43% Put Contracts done by Retail 

FII
Future Index Long %	85
Future Stock Long %	50

NIFTY  

·      Gap up opened at 15655 and made high of 15705 which is new ATH

 

NIFTY FUT 

A premium of 22 points

 

BANK NIFTY      

Ended in Green and moved about 300 points from intraday high to low

BANK NIFTY FUT     

A premium of about 130 points

OPEN INTEREST

More Puts were added at 15700 PE and below. Calls are unwinding from 15000 CE and above. In a broader view market may rally between 15500 to 16000.

TECHNICAL

Max Pain at 15500. View of the market is bullish.

REMARKS

All Broad Market Indices and Sectoral Indices except FMCG. India Vix crashed again of 8.5% which is below 16. Nifty recorded new ATH. The FII has bought for more than 1000 Crore. Global markets are trading at Green. We can expect market to gap down and move further.   

SEBI New Margin Rule:

June 1, 2021, intraday leverages are set to reduce under the new peak margin regulations. Maximum leverage for Equity will be 6.66X (15% of trade value) and for F&O is 1.33X (75% of NRML margin) for MIS and CO product types.

 

PRE MARKET ANALYSIS 03.06.2021

 

PRE-MARKET ANALYSIS

US

ü  US Futures trading Higher

ü  Nasdaq, S&P and Dow Jones ended green

ü  S&P Vix crashed by 2.35%

ü  Dollar Index slightly appreciated

Asian

ü  Asian Markets such as Korea, Taiwan, Singapore and Japan are trading at Green

China     

Green

Europe

Ended Green

National News       

·       Reliance Industries submits proposal to use tapeworm infestation drug Niclosamide for COVID-19 treatment

·      RBI interest rate decision on Friday

International News

No Major news

ADR

HDFC Bank, Infosys, Tata Motor, Vedanta and Wipro are trading in Green.

Commodity

Gold and Crude trading at Higher

SGX Nifty     

Opened Green and Currently trading at 15,709    

Rupee    

Rupee ends at day high at 73.09 per dollar – Rupee depreciated

Stocks to watch     

Ø  Mothersumi and Muthoot Finance both announced positive results

Ø  Petronet – Travelling in channel, Breakout with higher volume to be happened, Good Delivery Percentage

Ø  Tata Power received orders from NTPC

FII/ DII 

FII has bought for 921 Cr and DII has bought for 241 in cash market. Both are net buyers

Data       

Retail Traders' participation has been increased. About 60% Long Contracts and 48% Put Contracts done by Retail 

FII
Future Index Long %	85
Future Stock Long %	50

NIFTY  

·      Retraced at 15450 level and ended in Green. Levels to watch 15700 and 16000.

·      Nifty was gapped down about 50 points and felt upto 15459 and then recovered. Ended almost flat.

 

 

NIFTY FUT 

A premium of 40 points

BANK NIFTY      

Ended in Green and moved about 345 points from intraday high to low

BANK NIFTY FUT     

A premium of about 150 points

OPEN INTEREST

More Puts were added at 15400 PE and below. Smart people will do short straddle at 15500. In a broader view market may rally between 15500 to 16000.

TECHNICAL

Max Pain at 15400. View of the market is bullish.

REMARKS

All Broad Market Indices and Sectoral Indices except IT, FMCG and Media. Market retraced from 15450. All World Markets are trading higher and FII/ DII are net buyers on yesterday. Market may make new high on today.  

SEBI New Margin Rule:

June 1, 2021, intraday leverages are set to reduce under the new peak margin regulations. Maximum leverage for Equity will be 6.66X (15% of trade value) and for F&O is 1.33X (75% of NRML margin) for MIS and CO product types.

 

PRE MARKET ANALYSIS 02.06.2021

 

PRE-MARKET ANALYSIS

US

ü  US Futures trading Higher

ü  Nasdaq and S&P slipped whereas Dow Jones raised

ü  S&P Vix raised by 6.8%

ü  Johnson and Johnson fell more than 2% after the Supreme Court rejected the company's appeal

ü  Dollar Index slightly depreciated

Asian

ü  Asian Markets such as Korea, Taiwan, Singapore and Japan are trading at Green

China     

Green

Europe

Ended Green

National News       

·      Centre Cancelled CBSE and ICSE XII exams

International News

The Organization of Petroleum Exporting Countries (OPEC), Joint Ministerial Monitoring Committee (JMMC) was conducted on Yesterday

ADR

Dr Reddy, Wipro, Tata Motor, Axis Bank, Vedanta are trading Green and HDFC Bank and ICICI Bank are at Red.

 

Commodity

Gold and Crude trading at Higher

SGX Nifty     

Opened Green and Currently trading at 15,645

Behavior

Yesterday Nifty has gapped up and fell drastically due to profit booking and Selling pressure by FMCG, Auto and Banking Stocks. We need some pullback to move further. We can achieve new high at few sessions.     

Rupee    

Rupee ends at day high at 72.90 per dollar – Rupee depreciated

Stocks to watch     

Ø  Mothersumi and Muthoot Finance yet to be announced result on result

Ø  Sun Tv, Sail – Under Trade Ban

Ø  ITC – fell in profit and announced Dividend

Ø  Petronet – Travelling in channel, Breakout with higher volume to be happened

FII/ DII 

FII has Sold for 449.86 Cr and DII has bought for 230.49 in cash market.

Data       

Retail Traders' participation has been increased. About 59% Long Contracts and 47% Put Contracts done by Retail 

FII
Future Index Long %	86
Future Stock Long %	50

NIFTY  

Opened with gap up and felt drastically and closed flat

NIFTY FUT 

A premium of 100 points

BANK NIFTY      

Ended in red and moved about 500 points from intraday high to low

BANK NIFTY FUT     

A premium of about 200 points

OPEN INTEREST

More Puts were added at 14800 PE. Smart people will do short straddle at 15500. More calls were added at 16000 CE. In a broader view market may rally between 15500 to 16000.

TECHNICAL

Max Pain at 15400 from 15300. View of the market is bullish. Also we may expect slight correction to move further.

REMARKS

Consolidation or little retracement to move further.

SEBI New Margin Rule:

June 1, 2021, intraday leverages are set to reduce under the new peak margin regulations. Maximum leverage for Equity will be 6.66X (15% of trade value) and for F&O is 1.33X (75% of NRML margin) for MIS and CO product types.

 

PRE MARKET ANALYSIS 01.06.2021

 

PRE-MARKET ANALYSIS

US

ü  US Futures trading mixed

ü  US Markets were closed on yesterday

ü  Dollar Index slightly depreciated

Asian

ü  Asian Markets such as Korea, Taiwan, Singapore are trading at Green

China     

Slightly red

Europe

Ended Mixed

National News       

·      GDP contracts 7.3% in FY21 as Q4 sees 1.6% growth

·     New SEBI Rule wef 01.06.2021

International News

New Variant has been found in Vietnam

ADR

Market closed on yesterday

Commodity

Gold and Crude trading at Higher

SGX Nifty     

Opened Green and Currently trading at 15,645

 

Behavior

US market was closed on yesterday. GDP Data would not affect the market, as everyone knows the data. Yesterday market was supported by Major Contributor Reliance, FMCG, Private Banks and Financial Institutions.     

Rupee    

Rupee ends at day high at 72.61 per dollar – Rupee depreciated

Stocks to watch     

Sun Tv, PNB – Under Trade Ban

ITC – Result on today

Petronet – High Delivery Percentage and Call Build up

FII/ DII 

FII has buy for 2,412.39 Cr and DII has bought for 179.78 in cash market.

Data       

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

FII
Future Index Long %	86
Future Stock Long %	50

NIFTY  

Nifty opened lower and retraced and achieved the new High. Next resistance at 15700 and then 16000. Went upto 15606 and closed at 15582.

NIFTY FUT 

A premium of 1 points

BANK NIFTY      

Ended in Green and moved about 650 points from intraday high to low

BANK NIFTY FUT     

A premium of 75 points

OPEN INTEREST

More Puts were added at 15000. Smart people will do short straddle at 15500. In a broader view market may rally between 15500 to 16000. Calls are unwinding at 15000 CE and above.

TECHNICAL

Max Pain at 15300. View of the market is bullish. Also we may expect slight correction to move further.

REMARKS

Vix crashed for 2.97%. Volatility has been reduced and market will act at stable. All broad market indices were traded Green and Sectoral indices were ended Green except Media. View of the market is Bullish

SEBI New Margin Rule:

June 1, 2021, intraday leverages are set to reduce under the new peak margin regulations. Maximum leverage for Equity will be 6.66X (15% of trade value) and for F&O is 1.33X (75% of NRML margin) for MIS and CO product types.