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.