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.