Featured

Market Update

Nifty Range: 10920 – 11481

Nifty Thursday Close: 11200.15

Resistance seen at 11256, 11312, 11369, 11424 & 11536

Support Seen at 11114, 11088, 11032, 10976 & 10864

Featured

Pre Market Commentary

07082020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty rallies to test higher levels. Vaccines & Stimulus hopes holding markets & has Key Support placed at 10950 & Resistance at 11434.

 Indian Benchmarks ended a volatile session with strong gains on Thursday due to weekly expiry of index options. Banks & financial stocks were in action after RBI left key interest rates unchanged & allowed banks to restructure certain loans as part of efforts to revive the economy.

 It was clearly visible today that Nifty was able to maintain yesterday’s close and came down till 11127.30 to regain momentum and close at 11200.15. We maintain our stands that Nifty likely to have key supports between 10872 - 10908 and resistance at 11356 – 11393

 Nifty range for the day is between 10950 – 11439`.Banks, NBFC, IT & Pharma to be in limelight.
 Nifty forms Spinning Top pattern that confirms uncertainty, Nifty is likely to open around 11180-11200 and expected to continue being volatile.
 BankNifty trade in the broader range of 21210 – 22082.
 Nifty key Resistances at 11282, 11357, 11420 & 11460. Supports are at 11106, 110332, 10970 & 10935.
 SGXNifty as of 08:20am is trading at 11190

 India Inching towards 2mn cases in Covid-19 while US is approaching 5Mn
 RBI governor Mr Das said inflation is expected to stay elevated in Q2 FY21 but it is likely to ease in H2
 RBI is taking measures to enhance liquidity support, further ease financial stress. Mr Das said Rs 10,000Cr additional liquidity facility will be provided by

NHB, NABARD to ameliorate the stress being faced by smaller NBFCs and MFI in obtaining access to liquidity.

 BOE) on Thursday kept benchmark interest rates at an all-time low of 0.1% and left the size of its bond-buying program unchanged at 745 billion ($981 billion).
 Mindspace REIT listing today.
 JublFood enters FMCG category with ChefBoss range of ready-to-cook sauces, pastes & gravies.
 Sources say Microsoft ready to buy all of TikTok`s global business from ByteDance
 FII Net Buy Rs 637.43Cr while DII sold net Rs 468 Cr
 AsianPaint, AuroPharma, Baj-Twins, BataIndia, DrReddy, HCLTech, Infy, JublFood, KotakBank, Manappuram, Maruti, Muthoot, NIITech, TataConsum, TataSteel, TCS, Titan, TorntPhar & UltracemCo will be key stocks to watch out for.

 Dalmia Q1 Net jumps to Rs 1.90Bn against Rs 1.47Bn. Q1 Revenues at Rs 19.74Bn against Rs 25.37Bn.
 BayerCorp SL Net at Rs 2.52Bn against Rs 1.35Bn. Q1 Revenues at Rs 12.28Bn against Rs 9.5Bn
 JKTyre Q1 Net loss at Rs1.99Bn against Profit of Rs 164Mn. Revenues at Rs 11.31Bn against Rs 25.75Bn
 Pidilite Q1 net at Rs. 267.8Mn against Rs 2.93Bn. Revenues at Rs 8.78Bn against Rs 20.17Bn
 AdaniEnt Q1 net at Rs 297.9Mn against Rs 6.01Bn, Revenues at 52.65Bn against Rs 105.61Bn
 HPCL Q1 GRM at $0.04/bbl against $0.75/bbl, Q1 Net at Rs22.53Bn against Rs8.77Bn, Q1 Revenues at 467Bn against Rs 754.7Bn
 IDEA Net loss at Rs 254.6Bn against loss of Rs 48.74Bn. Q1 revenues at 106.59Bn against Rs 112.7Bn
o Exceptional Charge of Rs 199.23Bn booked
o Q1 ARPU was Rs 114 against Rs 121 on Q4
 Novartis Q1 at Rs 4.4Cr against Rs 0.8Cr. Revenues at 92.5Cr against Rs109.3Cr.

 VIX was down 1.78% to close at 23.15, INR-$ closed at 75.1025 up by 0.12%.
 Markets were led by IT, Metal, FMCG, Pharma, Realty & FinServ gaining over 1% while PSUBank was sole loser. 78 Stocks hit fresh 52 week High with AartiDrugs, Alembic, AuroPharma, BalkriInd, BSOFT, Caplipoint, Cipla, DivisLab, Eveready, HindZinc, IndiaMart, Mastek, MCX, Mindtree, Naukri, STAR, SunPharma, Suven, Tanla, TataConsum & TorntPhar in the list while 3 stocks hit 52 week low Yesterday.

 199 stocks from Nifty500 closed in Red with GulfOil, BASF, MuthootFin & HimatSeide losing over 5% while 301 stocks closed in Green with 30 stocks closed over 5% in Green with BSoft gaining over 14.67%

 1961 stocks traded yesterday of which 1131 closed in Green while 745 closed in Red rest 85 unchanged.
 BSoft was top gainer from Nifty 500 with 14.67% followed by Astral, JamanAuto, Caplipoint with >10% and Sequent, Prestige, TataConsum, Ashaindia, TeamLease,

 M&M, Cipla, Siemens, Abott, ABCapital, AlkemLab, BataIndia, Amaraja, BEML, MGL, REC, SCI are some results to watch for.
 JamanAuto & AartiInd saw over 15x higher volumes while AIA, Astral, BlueStarm, AsahiIndia, TataInvest, BSoft, Indoco, Vakrangee, CERA, GujAlkali, NBVenture, Schneider & SwanEnergy saw over 5X

 FedBank, M&MFin, HPCL, MuthootFin, CanBk, GodrejProp, BandhanBank, SRTRANSFIN saw over 10% changes in OI
 Max OI on changes on monthly contracts was visible at 11000CE which dropped by to -1.25 while 11200PE was up by 0.84.11200CE saw 1.69 & 11300CE at 0.24. PCR was at 1.49 while Max Pain is still visible at 11000.

Key Triggers:

 Nifty50 Open- 11155.75, High- 11225.65, Low- 11064.05 & Close- 11101.65. Nifty moved almost 370 points FROM THE 200dma while BankNifty just reversed 100 points short of 20DMA at 22040 today

 Europe & US closed broadly in green yesterday, As of 08:20am Key World indices Futures are trading mixed DJIA Futures down 0.3% at 27200 while Nikkei225 down 0.7% at 22265 & Hang-Seng down 1.4% at 24520

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Market Update

Nifty Range: 10824 – 11381

Nifty Wednesday Close: 11101.65

Resistance seen at 11157, 11213, 11269, 11324 & 11436

Support Seen at 11046, 10990, 10934, 10878 & 10766

Featured

Pre Market Commentary

06082020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty fails to hold on to higher levels. Vaccines & Stimulus hopes not pushing higher & has Key Support placed at 10890 & Resistance at 11374

  1.  Nifty had maintained its support of 200DMA of 10855.9 and had moved up 370 points to reach 10225.65 today before losing stream; we re-affirm our view told from Friday that unless the 11340 levels are breached decisively, flat-Sideways moves for most part of the session on Nifty & BankNifty.
     It was clearly visible today that Nifty was fighting to move upwards around 11195-11220 and we were able to capture the fall today from there. Nifty likely to have key supports between 10872 – 10908 and resistance at 11356 – 11393

 Oil prices climb to 5-month highs with Brent at $45.17/bbl and WTI at $42.19/bbl
 Indian Equities will be now Driven By A Host Of Factors Like
o Covid-19Cases Trend as we crossed 18Lac positive cases
o Geopolitical Developments this Week
o Monsoon Progress
 Microsoft prepared to buy TikTok US biz for $30Bn
 US Services industry index at 58.1 against 57.1 in June
 US Secretary Mike Pompeo said he wishes Un-trusted Chinese apps to be removed from US App Stores
 Aramco plans to release the September Crude Pricing today.

 FII Net Sell Rs 60.18Cr while DII sold net Rs 425.98 Cr
 AdaniPorts, ApolloHosp, BataIndia, BhartiArtl, DrReddy, Eicher, Hindalco, JublFood, LT, Maruti, KotakBank, Naukri, NIITTech, PVRLim, Reliance, ShreeCem, SRF, TataSteel & Titan will be key stocks to watch out for.

 STAR Q1 Net jumps to Rs788Mn against Rs 37Mn. Q1 Revenues at Rs 7.85Bn against Rs 6.86Bn.
 CanBk SL Net at Rs 4.06Bn against Rs 3.29Bn. Interest earned at Rs 180.36Bn against Rs 122.01Bn Q1 Gross NPA at 8.84 against 8.21
 HDFC QIP price fixed at 1838.94. The stock had closed at 1776.7 today. Floor price at Rs 1,838.94/share, plans to raise Rs 14,000Cr via Equity shares/warrants & Rs 9,000Cr via NCDs.


 Alkem Laboratories: Co Launches Favipiravir In India Under Brand Name “Alfluenza” For Treatment Of Mild To Moderate Covid-19
 VIX was down 1.05% to close at 23.57, INR-$ closed at 75.01 down by 0.12%.
 Markets were dragged by Energy & Pharma while Metals gained over 3% & Auto, Media Gaines over 1%. 69 Stocks hit fresh 52 week High with AartiDrugs, BalkriInd, BSOFT, Cadila, IndiaMart, JKCem, LTInfo, Mastek, MCX, Mindtree, Naukri, Suven, TataComm, TataConsum & TorntPhar while 11 stocks hit 52 week low Yesterday.

 210 stocks from Nifty500 closed in Red with FSL losing over 5% while 290 stocks closed in Green with 27 stocks closed over 5% in Green
 1973 stocks traded yesterday of which 1191 closed in Green while 678 closed in Red rest 104 unchanged.
 GulfOil was top gainer from Nifty 500 with 19.4% followed by Sunteck, STAR, JamanaAuto, CapliPoint showing over 10% moves. FSL was top loser from Nifty500 with 5.19% followed by Omaxze, MRPL, TV18, TastyByte, FineOrg, BlissGVS & Idea losing over 4%

 Lupin, HPCL, AdaniEnt, AdaniPower, Idea, Pidilite, Bayer, BlueStar, Dalmia Bharat, HCLInfo, HoneywellAuto, IndianHot, JKTyre, Novartis India, Torrent Power are some results to watch for

 GulOil & AartiInd saw over 10x higher volumes while STAR, Hatsun, Jothylab, Suntek, Symphony, Alkalyme, TataConsum, DCBBank & Jindal Stainless saw over 5X
 SAIL, MFSL, FedBank, Hindalco, UBL, MuthootFin, SRTRANSFIN, Ashokley, ITC & Cholafin saw over 10% change in OI
 Max OI on monthly contracts was visible at 11000CE & 11000PE followed by 11300CE & 11100PE. PCR was at 1.26 while Max Pain was visible at 11000.

Key Triggers:
 Nifty50 Open- 11155.75, High- 11225.65, Low- 11064.05 & Close- 11101.65. Nifty moved almost 370 points FROM THE 200dma while BankNifty just reversed 100 points short of 200DMA at 22040

 Europe & US closed broadly in green yesterday, As of 08:10am Key World indices Futures are trading mixed DJIA Futures flat at 27110 while Nikkei225 down at 22400 & Hang-Seng at 24725

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Update

If Nifty Fails to trade beyond 11312.70 (Recent Pre-Open Punch made on Thursday) or 10817 which was the recent pre-open low punch the expires of August is for Option-Sellers only.

Featured

Pre-Market Commentary

05082020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10726 & Resistance at 11165.

  • Nifty had taken support from 200DMA of 10855.9 and had moved up almost 250 points now; we re-affirm our view told from Friday that unless the 11340 levels are breached decisively, flat-Sideways moves for most part of the session on Nifty & BankNifty.
  • Nifty likely to have key supports between 10783-10801 and resistance at 10280-10298
  • Nifty is likely to open around 11090-11115 and expected to continue being volatile.
  • Nifty range for the day is between `10780 – 11299`. Reliance, NBFC, Banks & IT to be in limelight.
  • BankNifty trade in the broader range of 20950 – 21805.
  • Nifty key Resistances at 11125, 11198, 11260, 11299. Supports are at 10952, 10877, 10818 & 10780.
  • SGXNifty as of 08:00am is trading at 11095
  • Indian Equities will be now Driven By A Host Of Factors Like
    • Covid-19Cases Trend as we crossed 18Lac positive cases
    • Geopolitical Developments this Week
    • Monsoon Progress
  • US President signs executive order to prioritize on American Workers
  • Axios says Apple has no interest in Buying TikTok on the rumor that floated
  • Sashidhar Jagadishan is the new CEO of HDFCBank to succeed Aditya Puri with 25 years spent with the Bank as a veteran will be a boost to all veterans in the bank.
  • VIVO pulls out from Sponsorship of IPL for this FY, citing poor sales & prevailing sentiments against Chinese firms. BCCI may float a new tender for title sponsorship
  • White House approved $1.3Tn stimulus bill taking overall package to $3Tn
    • US Monthly Jobs report
    • Results of Disney, Berkshire Hathaway to be watched
    • Dropping treasury yields
    • BOE rate change announcement
  • FIIs were net buyers of Rs 703.74Cr in equity, DIIs were net sellers for Rs 665.69Cr.
  • ApolloHosp, AsianPaint, Bajaj-Trio,DrReddy, JublFood, KotakBank, LT, Nestle, NIITTech, Reliance, ShreeCem, SRF, TorntPhar, Voltas & UltraCemCo will be key stocks to watch out for.
  • TataConsumer Q1 Cons Net at Rs 3.28Bn against Rs 1.74Bn, revenues at Rs 27.14Bn against Rs 23.92Bn
  • GodrejCP Q1 Net Profit at Rs 3.95Bn against Rs 4.08Bn, revenues flat at Rs 23.3Bn against Rs 23.5Bn.
  • Infoedge (Naukri) approves QIP at a floor price of 3177.18
  • AxisBank plans to set floor price at Rs442.19 for the QIP
  • VIX closed down by 5.44% at 23.82 & USD/INR at 75.2925 down by 0.09%, PCR was up from 1.10 to 1.42.
  • NiftyIT lost 0.88% while PSUBank closed marginally at -0.02%. Media, Energy, FinService & BankNifty gained over 2% yesterday at close.  72 Stocks hit fresh 52 week High with Alkem Lab, BASF, Cadila, Eveready, JublLife, Korpan, LTInfo, Mastek, Matrimony, MCX, Mindtree, Natco, Persistent, Suven, TataComm, TataConsum, TorntPhar & Unichem in the list while 11 stocks hit 52 week low  Yesterday.
  • From Nifty500 163 stocks ended in Red yesterday with ERIS losing over 5% and 337 stocks ended in green with 31 stocks gaining over 5%
  • 1955 stocks traded yesterday of which 1220 closed in Green while 643 closed in Red rest 92 unchanged.
  • VaibhavGlobal was top gainer from Nifty 500 with 18% followed by FSL, FDineORG, GEShip, CapliPoint & Wockhard showing over 10% moves. Eris was top loser from Nifty500 with 5.48% followed by Omaxze, Advenzymes, Mpasis,, TIIndia & TechM losing over 3%
  • AartiInd saw 19.82 times jump in volumes followed by KPRMill, Hatsun, VaibhavGlobal, VSTIndustries, RajeshExpo, Wockhard, UFlex & Exide Gained volumes with >5 times.
  • Sharp OI Spikes seen in ApolloTyre, Voltas, Exide, BandhanBank, MRF, MFSL, SRTRANSFIN, NTPC, JublFood, UPL, Colgate & TorntPower
  • Max Index OI seen in Nifty August monthly contracts of 11000PE & 11000CE followed by 11300CE & 11100PE. Nifty PCR at 1.42

Key Triggers:

  • Nifty Open- 10946.65, High- 11112.25, Low- 10908.10 & Close- 11095.25. Nifty moved almost 225 points intraday yesterday while BankNifty moved just 520points. Nifty Put Call Ratio is at 1.11 & Max Pain is seen at 11000
  • Europe & US closed broadly in green yesterday, As of 08:00am Key World indices Futures are trading mixed DJIA Futures flat at 26715 while Nikkei225 down at 22420 & Hang-Seng up at 24948

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Market Update

Nifty Range: 10817 – 11372

Nifty Tuesday Close: 11095.25

Resistance seen at 11151, 11207, 11262, 11318 & 11429

Support Seen at 11038, 10983, 10927, 10872 & 10761

Featured

Pre Market Commentary

04082020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10726 & Resistance at 11165.

  • As we told on Friday & Yesterday History repeats itself what it did in the last time in March’20 at 11340 mentioned Thursday, flat-Sideways moves for most part of the session on Nifty & BankNifty and then a steep fall to close at almost day’s low around 10891.
  • Nifty likely to have key supports between 10690-10720 and resistance at 10165-10201
  • Nifty is likely to open around 11110-11125 and expected to continue being volatile.
  • Nifty range for the day is between `10690 – 11202`. Auto, NBFC, Banks & Infra to be in limelight.
  • BankNifty trade in the broader range of 20790 – 21650.
  • Nifty key Resistances at 11029, 11104, 11165, 11201. Supports are at 10858, 10785, 10724 & 10690.
  • SGXNifty as of 08:25am is trading at 10945.75
  • Indian Equities will be now Driven By A Host Of Factors Like
    • Covid-19Cases Trend as we crossed 18Lac positive cases
    • Geopolitical Developments this Week
    • Monsoon Progress
  • European PMI survey showed activity in sector picked up in July.
  • Rally in Tech majors and historic stimulus packages had lifted the market sentiments and some are in clinching distance to their 52 week highs.
  • Manufacturing data from the US, Europe & China indicated factory recovery is holding up despite rising cases of COVID-19.
  • Wockhardt Ltd will supply millions of doses of COVID-19 vaccines, Fill finish is a critical step in the process to get the vaccine in a form to be given to patients.
    • The company has a fill-and-finish manufacturing capacity of 400Mn doses in the UK & 600Mn in India, for a combined capacity of 1Bn,
  • Infy gets transaction banking ops order from Baharin Bank.
  • Moody’s upgrades YesBank Long-Term-Foreign currency rating to B3 from CAA1 after its 15kCr rights FPO
  • White House approved $1.3Tn stimulus bill taking overall package to $3Tn
    • US Monthly Jobs report
    • Results of Disney, Berkshire Hathaway to be watched
    • Dropping treasury yields
    • BOE rate change announcement
  • FIIs were net buyers of Rs 7818.49Cr in equity  DIIs were net sellers for Rs 135.55Cr.
  • Airtel, DrReddy, JindalStel, LT, Mindtree, SBILife, ShreeCem, SunPharma, TataMotor, TataSteel, Titan, TorntPhar, UltraCemCo & UPL will be key stocks to watch out for.
  • Kansai Nerolac Q1 Cons Net at Rs 355Mn against Rs 1.46Bn, revenues at Rs 6.39Bn against Rs 15.42Bn
  • Exide Net loss at Rs106.8Mn against Profit of Rs 1.62Bn, revenues down at Rs 25.26Bn against Rs 36.64Bn.
  • KPITTech Q1 net at Rs 240.2Mn against Rs 307Mn, revenues at Rs 4.93Bn against Rs 5.06Bn.
  • VST Industries Q1 PAT at Rs 757.1Mn against Rs 756.8Mn
    • VST’s Q1 total revenue came at Rs 3.15Bn against Rs 3.29Bn
  • VIX closed up by 4.13% at 25.19 & USD/INR at 75.45 up by 0. 47%, PCR was down at 1. 1.
  • PSUBank 0.6% & Metals 0.4% closed in green with gained while BankNifty was largest loser with 2.62% followed by FinService losing over 2.4%,  while Energy Realty  & Media lost >1%.  73 Stocks hit fresh 52 week High with AmbujaCem, AjantPharm, AuroPhar, BalkrishInd, BASF, Cadila, Cipla, DivisLab, Dixon, DrReddy, Eveready, HCLTech, IndiaMart, IPCALab,  JublLife, LaurusLab, LTInfo, Mastek, Mindtree, Natco, Persistent, Suven, TataComm, TataConsum, TorntPhar & Unichem in the list while 8 stocks hit 52 week low  Yesterday.
  • 261 stocks ended in Red yesterday with ApolloHosp, UPL, BandhanBank & IIFLWealth losing over 5% and 239 stocks ended in green with 29 stocks gaining over 5%
  • 1964 stocks traded yesterday of which 977 closed in Green while 876 closed in Red rest 111 unchanged.
  • Bandhan was top loser from Nifty500 with 10.52% followed by IIFLWealth, ApolloHosp, UPL, Hathway losing over 5%.
  • AartiInd saw 21.8 times jump in volumes followed by Indoco, KansaiNer, Ratnamani, SolarInd, Advenzymes, BASF, TataMtrDVR, Quess & Glaxo Gained volumes with >5 times.
  • Sharp OI Spikes seen in TataMotor, BandhanBank, Ujjivan, Escorts, GodrejCP, ApolloHosp, Biocon & SRF
  • Max Index OI seen in Nifty August monthly contracts of 11000PE & 11000CE followed by 11100CE & 11100PE. Nifty PCR at 1.10

Key Triggers:

  • Nifty Open- 11057.55, High- 11058.05, Low- 10882.25 & Close- 10891.6. Nifty Put Call Ratio is at 1.11 & Max Pain is seen at 11000
  • Europe & US closed in green yesterday, As of 08:15am Key World indices Futures are trading mixed DJIA Futures up at 26578 while Nikkei225 up at 22493 & Hang-Seng up at 24615

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Market Update

Nifty Range: 10619 – 11164

Nifty Monday Close: 10891.6

Resistance seen at 10946, 11001, 11055, 11110 & 11219

Support Seen at 10837, 10782, 10728, 10673 & 10562

Featured

Pre Market Commentary

03082020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10860 & Resistance at 11308.

  • Nifty repeats what it did in the last time in March’20 at 11340 mentioned Thursday, flat-Sideways moves for most part of the session on Nifty & BankNifty and then a steep fall to close at almost day’s low.
  • Nifty likely to have key supports between 10827-10860 and resistance at 10308-10345
  • Nifty is likely to open around 11126-11145 and expected to be volatile.
  • Nifty range for the day is between `10827 – 11345`. Auto, Tech, Banks & Reliance to be in limelight.
  • BankNifty trade in the broader range of 21170 – 22045.
  • Nifty key Resistances at 11169, 11244, 11307, 11344. Supports are at 10998, 10924, 10863 & 10827.
  • Indian Equities last 15 days were Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • Microsoft in discussions to purchase TikTok stake in US
  • UK plans for quick tests for Covid-19 on account of winter resurgence
  • Victoria places night-time curfew in Melbourne as Covid-19 cases surge
  • India’s Home Minister Amit Shah tests positive for Covid-19
  • UK to commemorate Mahatma Gandhi with a Coin release on Gandhi Jayanti
  • BCG vaccine may slow down the mortality rates on Covid-19.
  • White House approved $1.3Tn stimulus bill taking overall package to $3Tn
    • US Monthly Jobs report
    • Results of Disney, Berkshire Hathaway to be watched
    • Dropping treasury yields
    • BOE rate change announcement
  • FIIs were net buyers during the July, having bought to the tune of Rs 2490Cr in equity while Sold Rs 2647Cr in Future & bought Rs 15285Cr in options.  DIIs were net sellers for the entire month, having sold worth Rs 10007Cr.
  • AuroPharma, BajAuto, BajFinance, BalKrishInd, CadilaHC, Cipla, Divislab, DrReddy, Eicher, Escorts, Grasim, HUL, HeroMotoCo, PEL, M&MFin, PEL, ShreeCem, SunPharma, TorntPhar will be key stocks to watch out for.
  • Exide, Nerolac, KPITTech, VST Industries to report results today.
  • UPL Q1 EBITA Rs 551Cr vs Rs 11.283Cr, Q1 margins at 21.8% against 14.77%. Revenues at Rs 7833Cr against Rs 7906Cr
  • IOLChem profit at Rs 127.54Cr against Rs 85.32Cr, revenues at Rs 460.91Cr against Rs 492.80Cr
  • TataMotors reported Q1 loss at Rs 8434Cr against Rs3698Cr loss, Revenues dropped to Rs 31983Cr against Rs 51467Cr
  • Ujjivan reported a profit of Rs 54.6Cr vs Rs 96Cr, NII came at Rs 458Cr against Rs 352Cr
  • VIX closed lower by 2.18% at 24.19 & USD/INR down at 74.9925 down 0. 07%, PCR was down at 1.31.
  • IT Gained 22.49% in July followed by Pharma at 11.65% and Auto 8.43%, Metal & Energy gained over 6%. Media was largest loser with 4.34% and PSUBank lost 1.14% and Realty 0.81%.  63 Stocks hit fresh 52 week High with AmbujaCem, AjantPharm, AuroPhar, BalkrishInd, Cadila, Cipla, DivisLab, Everedy, HCLTech, IndiaMart, Infy, IPCALab,  JublLife, LaurusLab, Natco, Persistent, SunPharma, TataComm, TorntPhar & Wipro in the list while 8 stocks hit 52 week low  Yesterday.
  • Over 267 stocks ended in Green on Friday with over 20 stocks gaining over 5%, 233 stocks ended in Red with NFL, Star, Zenstar & CholaFin losing over 5%
  • Laurus Labs was top gainer for July which Gained 79.66%, followed by DCAL with 61.36% & Persistent at 44.36%, Intellect at 43.17% and CapliPoint at 38.27%
  • Omaxe was top loser with 40.74% followed by FConsumer, ArvindFashion, M&MFin & Renuka Losing over 21.5%.
  • Laurus saw 23.6 times jump in volumes during July followed by NFL, M&MFin, FConsumer & GMDC Gained volumes with >15 times.
  • OI Spurt was seen in IDEA, GodrejCP, CholaFin, IBHousing & TorntPhar
  • Sharp OI Spikes seen in SBI, ICICIBank, SunPharma, Reliance, ACC, BajFinance, BhartiArtl, RBLBank & Ujjivan
  • Max Index OI seen in Nifty August monthly contracts of 10900PE & 11200CE followed by 11500CE & 11000PE. Nifty PCR at 1.31

Key Triggers:

  • Nifty Open- 11139.5, High- 11159.4, Low- 11026.55 & Close- 11073.45. Nifty Put Call Ratio is at 1.31 & Max Pain is seen at 11000
  • Europe & US closed mixed yesterday, As of 08:15am Key World indices Futures are trading mixed DJIA Futures up 0.5% at 26340 while Nikkei225 down -1.6% at 21890 & Hang-Seng up 0.37% at 24730

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Market Update

Nifty Range: 10796 – 11351

Nifty Friday Close: 11073.45

Resistance seen at 11128, 11184, 11240, 11295 & 11405

Support Seen at 11018, 10962, 10907, 10851 & 10741

Featured

Pre Market Commentary

31072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10940 & Resistance at 11386.

  • Nifty repeats what it did in the last time it did not hold on to 11340 mentioned yesterday, flat-Sideways moves for most part of the session on Nifty & BankNifty and then a steep fall to close at almost day’s low.
  • Nifty likely to have key supports between 10940-10970 and resistance at 10380-10406
  • Nifty is likely to open around 11120-11140 and expected to be volatile on account of weekend.
  • SGX Nifty as of 08:20am is trading at around 11120.
  • Nifty range for the day is between `10900 – 11430`. Tech, NBFC & Reliance to be in limelight.
  • BankNifty trade in the broader range of 21390 – 22275.
  • Nifty key Resistances at 10249, 11324, 11386, 11424. Supports are at 11075, 11001, 10940 & 10901.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • Chinese Oil firm CNPC eyes $1.5Bn deal for 10% stake sale in Khazzan Gas Field –Oman by BP.
  • Amazon revenue jumps 40% to $88.9Bn
  • Apple sales grew by 11% and announces 4:1 stock split, revenues at $59.69Bn and an EPS of $2.58/share. Tech Shares continue to post higher numbers.
    • Apple, Amazon, Alphabet & Facebook represents $5Tn market cap
  • US jobless claims increase to 17018k against 16197k.
  • White House Covid-19 coordinator BRIX says Johnson & Johnson Covid-19 trial vaccine is exiting as it’s a single dose & shortens timeline.
  • U.S. Q2 GDP comes at -32.9% against -5%
  • FIIs net buy for Rs207.3Cr & DIIs net sellers Rs 387.24Cr.
  • BajAuto, BajFinance, BajFInServm, BPCL, Britannia, Eicher, HDFC, HeroMotoCo, IBHousing, IndusInd, Infy, Manappuram, Nestle, PEL, ShreeCem, TCS,  will be key earnings to watch out for.
  • Reliance reported a Net profit of Rs 13,248Cr against profit of Rs 10,104Cr, Q1 revenues down at Rs 91238Cr vs Rs 162353Cr.
    • JIO ARPU at 140 & Net comes at Rs 2520Cr
  • Dabur Profit falls by 5.9% at Rs 341.8Cr against a profit of Rs 363.1Cr, Revenues at Rs 1980Cr against Rs 2273.3Cr.
  •  HDFC Net falls by 4.7% at Rs 3051Cr against Rs 3203.1Cr and revenues rose 8.4% to Rs 3392Cr against Rs 3129.8Cr.
    • NII rose 8.4% at Rs3392Cr against Rs3129.8Cr
    • Moratorium at 22.4% against 27%
  • PEL reports 10.6% jump in Net profit of Rs 495.6Cr against Rs 448.2Cr, Revenues at Rs 2937Cr down by 8.7%
  • TorntPharma reports a jump of 48% in Net at Rs 321Cr against Rs 216Cr, Q1 revenues at Rs 2056Cr against Rs 2022Cr
  • Big Earnings of SBI, TataMotors, SunPharma, IOCL, UPL, JSWEnergy, JustDial, TataChem, Thyrocare, Ujjivan are today
  • Wipro wins contracts from MetroBank – UK
  • SpiceJet gets ablow from AAI to operate on Cash-n-Carry mode
  • VIX closed up by 2.57% at 24.73 & USD/INR up at 75.07 down 0. 11%, PCR was down at 1.21.
  • IT & Pharma, were sole gainers while Media, BankNifty, PSUBank & Energy were top losers.  50 Stocks hit fresh 52 week High with DrReddy,DivisLab, Infy, JublInd, LaurusLab, Persistant, Mastek, Mindtree, SunPharma, TataComm, TCS, Wabco & Wipro in the list while 11 stocks hit 52 week low  Yesterday.
  • 331 Stocks from Nifty500 saw declines with Manappuram, BPCL, Inox, SRTRANSFIN, IndusInd & SIS losing >5% & 169 stocks closed in green & 11 gained with over 5% with StarCem, KVB, EIH, ShoppersStop, Nilkamal,  gaining > 7%
  • Sharp OI spike seen in ICICIBank, SRF, CanBk, Cummins, AdaniEnt, RamcoCem, DrReddy, Maruti, Balkrishna, Bandhan & MindTree.
  • Least rollovers seen in Idea, GodrejCP, PowerGrid, Dabur & DLF
    • Nifty Roll Over at 71.3 while BankNifty Roll over at 63.54%
  • Nilkamal saw >13x volume spikes while ShoppersSTop, KVB, CentralBank, AartiInd, MahindraHolidays, AjantaPharma, SRFVEDL, DrReddy & EIH saw over 5x volume spikes.
  • Max Index OI seen in Nifty August monthly contracts of 11200CE & 11000PE followed by 11000CE & 11100PE. Nifty PCR at 1.21

Key Triggers:

  • Nifty opened with an Open-High at 11254.3, made multiple unsuccessful attempts to trade beyond 11300 with High at  11299.95 and post noon session was led by BankNifty for a fall of over 200 points intraday to punch low at 11084.95 before closing at 11102.15. Nifty Put Call Ratio is at 1.41 & Max Pain is still seen at 11100
  • Europe & US closed mixed yesterday, As of 08:15am Key World indices Futures are trading mixed DJIA Futures up 0.5% at 26340 while Nikkei225 down -1.6% at 21890 & Hang-Seng up 0.37% at 24730

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Featured

Market Update

Nifty Range: 10824 – 11379

Nifty Thursday Close: 11102.15

Resistance seen at 11158, 11214, 11269, 11324 & 11436

Support Seen at 11046, 10991, 10935, 10880 & 10769

Featured

Market Update (Revised)

Nifty Range: 10921 – 11482

Nifty Wednesday Close: 11202.85

Resistance seen at 11258, 11314, 11370, 11426 & 11540

Support Seen at 11146, 11090, 11034, 10978 & 10866

Featured

Pre Market Commentary

30072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 11032 & Resistance at 11482.

  • After doing Sideways moves for 2 sessions Nifty rose past the 10300 mark to close post 3rd March’20 There are some similarities on both days w.r.t the High and Low
  • Nifty likely to have key supports between 10970-11010 and resistance at 10458-10496
  • Nifty is likely to open around 11230-11240 and expected to be volatile on account of monthly expiry.
  • SGX Nifty as of 08:20am is trading at around 11240.
  • Nifty range for the day is between `11008 – 11458`. Banks, NBFC & Reliance to be in limelight.
  • BankNifty trade in the broader range of 21670 – 22555.
  • Nifty key Resistances at 11318, 11394, 11458 & 11496. Supports are at 11143, 11069, 11008 & 10971.
  • Key Stocks to watch are ApolloHosp, AsianPaint, Britannia, HeroMotoCo, Lupin, M&M, Maruti, NIITTech, SBILife & UltraCemCo.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • PayPal holdings posts Revenue of $5.26Bn with EPS at $1.07. CTS posts Revenue of $4Bn with EPS at $0.82.
  • U.S. deaths from the novel Covid-19 surpassed 150,000 on Wednesday
  • FED at the end of two day monetary policy promises more to support economy and also kept interest rates unchanged
  • U.S. deaths from the novel Covid-19 surpassed 150,000 on Wednesday
  • FIIs net buy for Rs352.62Cr & DIIs net sellers Rs 505.62Cr.
  • Chola Fin, Dabur, GMR Infra, HDFC, Mahindra Logistics, Max Financial, PEL, Reliance, SRF, TataComm, Torrent Pharma will be key earnings to watch out for.
  • Maruti reported a Net Loss of Rs 2.49Bn against profit of Rs 13.76Bn, Q1 revenues down 79% at Rs 41.1Bn vs Rs 197.33Bn.
  • DrReddy reported a Net at Rs 5.8Bn against Rs 6.77Bn, Revenues at Rs 44.2Bn against Rs 38.58Bn.
    • Generic revenues at Rs 35Bn against Rs 33Bn
    • Q1 EBITA% at 26.3% against 18.9%
  • Colgate SL net at Rs 1.98Bn against Rs 1.69Bn, Revenues at 10.33Bn against Rs 10.76Bn.
  • Manappuram reported a Net profit of Rs 3.68Bn against Rs 2.7Bn, Revenues at Rs 15.13Bn against Rs 11.90Bn
  • Indigo reported SL net loss of Rs 28.5Bn against a profit of Rs 12.03Bn Q1 revenues dropped 94% to Rs 7.7Bn against Rs 94Bn.
  • TVSMotors Q1 Net Loss at Rs 1.79Bn against a Profit of Rs 1.46Bn. Q1 Revenues at Rs 19.4Bn against Rs 50.18Bn
  • Ceat SL Net at Rs 348mn against Profit of Rs 826Mn, Q1 revenues at Rs 11.2Bn against Rs 17.52Bn
  • Glaxo Q1 Net at Rs 1.11Bn against Rs 1.14Bn, Revenues at Rs 6149Bn against Rs 7.88Bn
  • Airtel reports Q1 net loss at Rs 159.33Bn against Rs 22.66Bn, Revenues Up at Rs 239.39Bn against Rs 207.38Bn.
    • ARPU at 157 vs 129
    • Data per customer at 16.3GBS
  • GST compensation of Rs13,806 Cr released to the stated for March20, total released for FY 19-20 is Rs 1,65,302Cr.
  • VIX closed down by 1.99% at 24.11 & USD/INR down at 74.965 down 0. 18%, PCR was down at 1.41.
  • Pharma, PSUBank gained over 1.5% while Energy and Auto lost over 1%.  49 Stocks hit fresh 52 week High with DrReddy, JubilantLife, LaurusLab, MCX, Mindtree, TCS in the list while 7 stocks hit 52 week low  Yesterday.
  • 238 Stocks from Nifty500 saw declines with ICICISec losing >5% & 262 stocks closed in green & 8 gained with over 5%
  • Sharp OI spike seen in Airtel, TataMotor, GMRInfra, TCS< Asianpaint, Maruti, RamcoCem, HDFCBank, LT, JindalStel, Voltas. ACC & BHEL.
  • Highest rollovers seen in AsianPaint, TCS, Havells, JindalStel, AdainiPorts  & RamcoCem
    • Nifty Roll Over at 51.329 while BankNifty Roll over at 44.8%
  • Number of stocks that are in FnO Ban reduced to 1 with Idea.
    • The increasing stocks in FnO ban with far OTM strikes is becoming an issue with high Liquidity stocks also appearing in the list
  • EsabIndia saw >14x volume spikes while AartiInd, SFL, Repco, HeritgFood, TataStlBSL, DrReddy saw over 5x volume spikes.
  • Max Index OI seen in Nifty monthly contracts of 11300CE & 11000PE followed by 11400CE & 11100PE. Nifty PCR at 1.41

Key Triggers:

  • Nifty opened with an Open-High at 11276.9 & moved up till 11341.4 and kept swinging between 11290-11320 and skidded below 10200 before closing to mark a low at 11149.75 and closed at 11202.85. Nifty Put Call Ratio is at 1.41 & Max Pain is still seen at 11100
  • Europe & US closed mostly in green yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures down 0.1% at 26410 while Nikkei225 -0.6% at 22380 & Hang-Seng up 0.7% at 25070 up 0.5%

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Featured

Market Update

Nifty Range: 11018 – 11583

Nifty Wednesday Close: 11300.55

Resistance seen at 11357, 11414, 11470, 44527 & 11640

Support Seen at 11244, 11187, 11131, 11074 & 11960

Featured

Update

Nifty50 :- Open- 11291.7, High- 11343.4, Low- 11252.1& Last- 11310.

*Mid-Cap, Small-Cap & BankNifty performing much better than Nifty & Sensex. INR-$ at 74.785, VIX at 24.14. Markets are awaiting for a big move. Keep Strict SL on positions *

Featured

Pre Market Commentary

29072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 11032 & Resistance at 11482.

  • After doing Sideways moves for 2 sessions Nifty rose past the 10300 mark to close post 3rd March’20 while BankNifty still struggling to cross 22500.
  • Nifty likely to have key supports between 10990-11033 and resistance at 10484-10520
  • Nifty is likely to open around 11300-11320 and expected to be volatile ahead of monthly expiry.
  • Nifty had gone up by 998 points since 30th June closing of 10302.10.
    • BankNifty moved almost 1292 points from 21370.15 to 22105.2 from its close on 31st June.
  • SGX Nifty as of 08:15am is trading at around 11315.
  • Nifty range for the day is between `11030 – 11482`. Tech, Banks, NBFC & Reliance to be in limelight.
  • BankNifty trade in the broader range of 21560 – 22490.
  • Nifty key Resistances at 11344, 11420, 11484 & 11522. Supports are at 11168, 11094, 11033 & 10994.
  • 930 Stocks were advances while 938 stocks declined of the 1972 stocks that traded.
  • Key Stocks to watch are ApolloHosp, AsianPaint, Britannia, HeroMotoCo, Lupin, , M&M, Maruti, NIITTech, SBILife & UltraCemCo.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • PM Modi to discuss with Bank Chiefs regarding the state of economy today.
  • Moderna starts vaccine trial on 30000 persons.
  • FED two day monetary policy meeting ends today, market expects an unchanged status quo
  • FIIs net buy for Rs245.95Cr & DIIs net sellers Rs 1017.4Cr.
  • Airtel, CEAT, Colgate, DrReddy, Glaxo, Indigo, Manappuram, Maruti & TVSMotor will be key earnings to watch out for.
  • Ultratech reported SL net of Rs 8Bn against Rs12.67Bn Standalone revenues dropped to Rs 73.74Bn against Rs 110Bn.
  • RBLBank SL Net at Rs 1.41Bn against Rs 2.67Bn,  NIM at 4.85% vs 4.31%, NII at Rs 10.41Bn against Rs 8.17Bn
  • Nestle SL Net at Rs 4.87Bn against Rs 4.38Bn, Q1 revenues at Rs 30.5Bn against 30Bn
  • Muthoot Capital Q1 at Rs 129Mn against Rs 136Mn, Revenues at Rs 1.31Bn against Rs 1.44Bn
  • NIITTech reports net at Rs 799Mn against Rs 876Mn, Revenues at Rs 10.57Bn against Rs 9.63Bn.
  • GST compensation of Rs13,806 Cr released to the stated for March20, total released for FY 19-20 is Rs 1,65,302Cr.
  • VIX closed down by 5.52% at 23.64 & USD/INR at 75.055 down 0. 07%, PCR was up at 1.83.
  • Except Media all sectoral indices closed in Green with Auto, IT & Metal gaining over 2%.  56 Stocks hit fresh 52 week High with HCLTech, HDFCLife, Infosys, Mastek, MCX, Mindtree, Muthootfin,Thyrocare in the list while 7 stocks hit 52 week low  Yesterday.
  • 196 Stocks from Nifty500 saw declines with Mahaseamless & Ashoka losing >5% & 304 stocks closed in green & 17 gained with over 5%
  • Sharp OI spike seen in SBI, Maruti, ICICIBank, Mindtree, AsianPaint, Glenmark, Balkrishna, TorntPower, SunTV, BajFinance, KotakBank, Adaniport & Grasim.
  • Number of stocks that are in FnO Ban are 4 with CanBk, IBHousing, Idea, IndusInd.
    • The increasing stocks in FnO ban with far OTM strikes is becoming an issue with high Liquidity stocks also appearing in the list
  • Advenzymes & Aarti Ind saw >10x volume spikes while Ultracemco, Thyrocare, WelspunInd,  KPRMill, Prestige saw over 5x volume spikes.
  • Max Index OI seen in Nifty monthly contracts of 11500CE & 11200PE followed by 11300CE & 11100PE. Nifty PCR at 1.83

Key Triggers:

  • Nifty opened with an Open-High at 11155 & dragged down till 11151 and kept swinging between 11190-11230 and spiked past 10280 before closing to mark a high at 11317.75 and closed at 11300.55. Nifty Put Call Ratio is at 1.83 & Max Pain is still seen at 11150
  • Europe & US closed in red yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures down 0.13% at 26250 while Nikkei225 -0.4% at 22440 & Hang-Seng at 24800 up 0.5%

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Featured

Market Update

Nifty Range: 11018 – 11583

Nifty Tuesday Close: 11300.55

Resistance seen at 11357, 11414, 11470, 44527 & 11640

Support Seen at 11244, 11187, 11131, 11074 & 11960

Featured

Pre Market Commentary

28072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10926 & Resistance at 11372.

 Sideways moves foreseen post the considerable gains last week Nifty & BankNifty saw and each downside were covered with strong pull-back.
 Nifty likely to have key supports between 10890-10920 and resistance at 10406-10420
 Nifty is likely to open around 11170-11180 and expected to be volatile ahead of monthly expiry.
 Nifty had gone up by 892 points since 30th June closing of 10302.10 & 926 points from 30th Low of 10267.35.
o BankNifty moved almost 1292 points from 21977.60 to 21662.05while 1450 point jump from its low on 31st 21212.
 SGX Nifty as of 08:15am is trading at around 11170.
 Nifty range for the week is between 10890 – 11410. Tech, Banks, NBFC & Reliance to be in limelight.
 BankNifty trade in the broader range of 21660 – 22550.
 Nifty key Resistances at 11235, 11310, 11372 & 11412. Supports are at 11060, 10986, 10926 & 10890.
 Key Stocks to watch are AxisBank, BajajFin, BajFinServ, BajAuto, Britannia, DrReddy, HDFCBank, ICICIPru, M&MFin, Muthoot, Naukri, PEL, TechM, TorntPhar, Ujjivan & UltraCemCo.
 Indian Equities Will Be Driven By A Host Of Factors Like
o A) Corporate Earnings
o B) Coronavirus Cases Trend
o C) Geopolitical Developments this Week.
o Market Participants will also keenly watch the Monsoon Progress

 US 4th Stimulus package extension expected on Covid-19
 Moderna starts vaccine trial on 30000 persons.
 NZ suspends its extradition agreement with Hong Kong over national security law. NZ joins US, Canada, Australia & UK.
 Both FIIs & DIIs turn net sellers with FIIs selling Rs453.31Cr and DIIs sold Rs977.88Cr.
 Ultratech, RBLBank, IDFCBank, Nestle will be key earnings to watch out for.
 TechM reported a Net at Rs 972.3Cr for Q1 against Rs803.9Cr, revenues down 4% at Rs9106.3Cr against Rs 9490.2Cr
 Infratel reported 8.3% jump in Net at Rs 703.6Cr while revenues dropped 3.3% to Rs 3504.7Cr.
o MD & CEO Mr D S Rawat resigns
 McDowell reported a loss of Rs241.5Cr vs a profit of Rs 202.1Cr & revenues down at Rs 3820.7Cr vs Rs 7292.5Cr
 GST compensation of Rs13,806 Cr released to the stated for March20, total released for FY 19-20 is Rs 1,65,302Cr.

 VIX closed up by 1.96% at 25.02 & USD/INR at 75.02 up 0. 16%, PCR was down marginally at 1.74.
 Except IT, Metal & Energy all sectoral indices closed in Red with PSUBank & BankNifty losing over 3%. 60 Stocks hit fresh 52 week High with Persistent, CDSL, LTInfo, Muthoot, MCX, HCLTech, Mpasis, Reliance, Coromandel in the list while 5 stocks hit 52 week low on Yesterday.
 379 Stocks from Nifty500 saw declines with 12 stocks losing >5% & 121 stocks closed in green & 10 gained with over 5%
 Sharp OI spike seen in IDFCFirst, Havells, Cummins, UBL, ICICIP{ru, JindalStel, Eicher & PEL.
 Number of stocks that are in FnO Ban are 9 with AdaniEnt, BHEL, CanBk, GMRInfra, IBHousing, Idea, IndusInd, RBLBank, Sail.
o The increasing stocks in FnO ban is becoming an issue with high Liquidity stocks also appearing in the list
 AdaniPorts, Century Tex, IDFCFirst, M&MFin, JindalSteel & VEDL saw considerable activities in August Contracts with >50% rollovers
 Aarti Ind saw whopping 17.5x volume spikes while Persistent, BSE, SFL, Inox & TCCI saw over 10x volume spikes.
 Max Index OI seen in Nifty monthly contracts of 11000PE & 11200CE followed by 11300CE & 11100PE. Nifty PCR at 1.48

Key Triggers:

 Nifty opened with an Open-High at 11225.0 & dragged down till 11087.85 just 2 points below the Friday low and kept swinging between 11180-11140 before closing at 11131.9. Nifty Put Call Ratio is at 1.48 & Max Pain is still seen at 11000
 Europe & US closed in green yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures up 0.27% at 26550 while Nikkei225 +0.48% at 22760 & Hang-Seng at 24760 up 0.2%

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Featured

Market Update

Nifty Range: 10853 – 11410

Nifty Monday Close: 11131.8

Resistance seen at 11188, 11244, 11299, 11355 & 11466

Support Seen at 11076, 11020, 10964, 10908 & 10797

Featured

Pre Market Commentary

27072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on US-China face-off, Vaccine trial results & Stimulus hopes & has Key Support placed at 10948 & Resistance at 11396.

  • Last week Nifty & BankNifty saw considerable gains and each downside were covered with strong pull-back.
  • Nifty likely to have key supports between 10930-10950 and resistance at 10316-10330
  • Nifty is likely to open around 11215-11230 and expected to be volatile ahead of monthly expiry.
  • Nifty had gone up by 892 points since 30th June closing of 10302.10 & 926 points from 30th Low of 10267.35.
    • BankNifty moved almost 1292 points from 21977.60 to 21662.05while 1450 point jump from its low on 31st 21212.
  • SGX Nifty as of 08:30am is trading at around 11200.
  • Nifty range for the week is between `10802 – 11586`. Tech, Banks, NBFC & Reliance to be in limelight.
  • BankNifty trade in the broader range of 22195 – 23101.
  • Nifty key Resistances at 11257, 11332, 11395 & 11434. Supports are at 11083, 11008, 10948 & 10910.
  • Key Stocks to watch are ACC, AsianPaint, BajajAuto, BajFinserv, CholaFin, Escorts, HDFCBk, HeroMotoco, HUL, JustDial, Reliance, TCS, TechM.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • US 4th Stimulus package expected on Monday for Covid-19
  • US Yields fall to all-time weekly lows, and the dollar extended a selloff, while gold topped $1,900
  • U.S. stock futures slipped and Asian shares came under pressure as tit-for-tat consulate closures in China and the United States
  • FIIs were net buyers during the entire week, having bought to the tune of Rs 7792Cr, whereas DIIs turned net sellers for Rs 5323Cr.
  • Reliance, SBI, Airtel, KotakBank, HDFC, Maruti, TechM, DrReddy, IOC and Nestle will be key earnings to watch out for.
  • AmbujaCem Q2 Profit @ Rs 453.4 Cr against Rs 412.1 Cr. Revenue @ Rs 2,176.8 Cr against Rs 2,983.6 Cr YoY.
  • ITC reported a 26 % YoY fall in net profit for the Q120, at Rs 2,342.76 Cr against Rs 3,173.94Cr last year, revenue dropped 17.4 % YoY to Rs 9,501.75Cr in Q1FY21 from Rs 11,502.82Cr.
  • ICICIBank Q121 profit at Rs 2,599.1Cr, a 36.2 % YoY, COVID-19 related provisions of Rs 5,550Cr, NII grew 20% to Rs9280cr
  • Asian Paint reported a 66.7% decline in net profit at Rs 218.45Cr for Q120, Revenue declined 42.7 percent to Rs 2,922.6Cr.
  • The market should be reacting to I-Bank & ITC earnings. The market is trading much ahead of fundamentals & based on valuation terms, the market is currently above the Pre-COVID days.
  • Maximum Put OI was at 11,000 followed by 10,000 strikes, while maximum Call OI was at 11,500 followed by 11,200 strikes.
    • Call writing was seen in 11,200 than 11,300 strike while Put writing was seen at 11,100 then 11,000 strike.
  • Aditya Puri has sold over 74 lakh shares, last week. He held 0.14% stake or 7.8mn shares as of June 30 for Rs 843Cr.
    • With this sale, Mr Puri now reduced his stake to 3.76 lakh shares or a 0.01% in the bank.
  • VIX closed down by 0.41% at 24.54 & USD/INR at 75.0875 up 0.01%, PCR was down marginally at 1.74.
  • Except IT & Energy all sectoral indices closed in Red with Metal, PSUBank & BankNifty losing over 1.75%.  53 Stocks hit fresh 52 week High with Mphasis, Granules, NFL, Reliance, HCLTech, Dixon, LaurusLab in the list while 6 stocks hit 52 week low on Yesterday.
  • 363 Stocks from Nifty500 saw declines with GHCL losing >5% & 137 stocks closed in green & 8 gained with over 5%
  • Sharp OI spike seen in IndusInd, Reliance, Infy, RBLBank, ITC, ICICIBank, Grasim & AdaniPort.
  • Number of stocks that are in FnO Ban are 10 with AdaniEnt, BHEL, Glenmark, GMRInfra, IBHousing, Idea, Nalco, RBLBank, Sail & SunTV.
  • AdaniEnt, Century Tex, IDFCFirst, IndusInd, IDEA, M&MFin, IBHousing, JSWSteel, Infy & GMRInfra saw considerable activities in August Contracts
  • Aarti Ind saw whopping 40x volume spikes while NFL, PNC Infra, Mphasis & Kajaria saw over 8x volume spikes. On a weekly more NFL saw almost 7x volume change with 25% price movement.
  • Max Index OI seen in Nifty monthly contracts of 11000PE & 11200CE followed by 11300CE & 11100PE. Nifty PCR at 1.74
  • Key Q1 Results to watch KotakBank, TechM, Marico, Bharat Electronics, United Spirits, Escorts, Havells, India Cements, NAM, Orient Electric, Pfizer, V-Guard Industries.

Key Triggers:

  • Nifty as expected opened lower on Friday at 11149.95 & dragged down till 11090.30 with participation coming in 2nd half led by Reliance & Tech Giants from stocks made a high at 11225.4 before posting another strong weekly closing at 11194.15. Nifty Put Call Ratio is at 1.74 & Max Pain is still seen at 11000
  • Europe & US closed in red on Friday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures up 0.3% at 26400 while Nikkei225 +1.2% at 22610 & Hang-Seng at 24720 up 0.25%

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Featured

Market Update

Nifty Range: 10914 – 11475

Nifty Friday Close: 11194.15

Resistance seen at 11251, 11307, 11363, 11419 & 11531

Support Seen at 11136, 11081, 11026, 10970 & 10858

Featured

Pre Market Commentary

23072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10964 & Resistance at 11412.

 BankNifty which was the dragger in most part of this rally, at last is able to do 6 closings above previous day & on 5 instances previous day low is guarded
 Nifty though is a bit zig-zag on daily closings & guarding off the lows but had gained over 400 points since 13th July

 Nifty is likely to open around 11215-11230 and expected to be close some positions on account of Weekend.

 Nifty will have 11000 or 10900 as intermediate support apart from the routine 200DMA or 20DMA

 SGX Nifty as of 08:30am is trading at around 11163.5.

 Nifty range for the day is between `10964 – 11412`. Auto, Banks, NBFC & Energy to be in limelight.
 BankNifty trade in the broader range of 22520 – 23450.
 Nifty key Resistances at 11273, 11348, 11412 & 11450. Supports are at 11099, 11024, 10964 & 10926.
 Key Stocks to watch are AsianPaint, BajFinance, BajAuto, CenturyTex, DivisLab, Glenmark, Grasim, HDFC ,JUBLFood, KotakBank, Lupin, Manappuram, TechM, UPL & Wipro


 Indian Equities Will Be Driven By A Host Of Factors Like
o Corporate Earnings
o Coronavirus Cases Trend
o Geopolitical Developments this Week.
o Market Participants will also keenly watch the Monsoon Progress

 Trump says the trade deal with China is not so significant post the Covid-19 pandemic
 Amazon in talks with Reliance for a 9.9% stake, this time for a change in Reliance Retail. Market cap of Reliance Ind + RIL-RE has hit Rs 13.5Lac Cr. In the

last one month, the market cap has increased by Rs 2Lac Cr
 Flipkart acquires Walmart’s wholesale business in India &^ will launch Flipkart Wholesale in August.
 US had Covid-19 cases are increasing in alarming pace with overall positive cases crossing 4Mn & 1Mn cases in 10 days.
 Eurozone CCI (Consumer Confidence Index) for July at -15 against -14.7
 Wipro to acquire 4C for €68 million; acquisition of 4C to be completed by Sep-end
 India pushes firms to confirm on their promoter details to check if they are held by China, Nepal, Bangladesh or Pakistan
 UK June Retail Sales, EU Manufacturing PMI July data are during market hours today
 Wipro wins Oracle UK & Ireland partner of the year 2020 in Customer Experience category.
o The company also is exploring to launch 5G edge services solutions suite
 FII Bought for Rs.1740.5Cr, while DII Sell Net Rs.931.91Cr
 VIX closed down by 1% at 24.64 & USD/INR at 75.06 up 0.25%, PCR at 1.86 disturbing though.
 Except IT all sectoral indices closed in Green with Energy, Realty & Pharma over 1.4%. 46 Stocks hit fresh 52 week High with Dixon, Escorts, Granules, LTInfo, Reliance in the list while 5 stocks hit 52 week low on Yesterday.

 206 Stocks from Nifty500 saw declines with Capri Global losing >5% & 294 stocks closed in green & 25 gained with over 5%
 Sharp OI spike seen in ApolloHosp, JustDial, Balkrishna, Havells, CenturyTex, M&MFin, Infy, JSWSteel, IDFCFirst, Reliance, Titan, IGL & KotakBank.
 Number of stocks that are in FnO Ban are 10 with AdaniEnt, BHEL, CenturyTex, Escorts, JindalStel, LTFH, M&MFin, Nalco, Sail & SunTV.
 AdaniEnt, IDEA, M&MFin, Century Tex, JSWSteel & IDFCFirst saw considerable activities in August Contracts
 NFL, DBL & AartiInd saw over 10x volume spikes while Capri Global, NatcoPharm, BalmerLawrie, BEML & Rallis saw over 5x.
 Max Index OI seen in Nifty monthly contracts of 11000CE & 11000PE followed by 11200CE & 11100PE. Nifty PCR at 1.86
 Key Q1 Results to watch JSWSteel, Zeel, Schaeffler, AmbujaCem, Reliance, AsianPaints, CCL Products, LMW, CPCL, ITC. Over weekend we have ICICIBank, AartiDrugs, MCX

 

Key Triggers:

 Nifty though opened lower yesterday at 11135 after a small drop till 11103.15 kept its direction clear moved higher with participation coming at regular

intervals from stocks made a high at 11239.8 before posting a strong closing at 11215.45. Nifty Put Call Ratio is at 1.86 & Max Pain is still seen at 11000
 Europe & US closed in red Yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures down 0.05% at 26530 while Nikkei225 down 0.15% at
22510 & Hang-Seng down at 24920.

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Featured

Market Update

Nifty Range: 10934 – 11496

Nifty Thursday Close: 11215.45

Resistance seen at 11272, 11328, 11384, 11440 & 11552

Support Seen at 11158, 11102, 11047, 10990 & 10876

Featured

Pre-Market Commentary

22072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10921 & Resistance at 11366.

  • Positive news from EU summit had lifted the markets & US Stimulus & Big results, to the rally yesterday which broke the shackles of 11150 at close for the first time since early March.
  • Nifty is likely to open around 11150-11180 and expected to be swinging on account of weekly expiry
  • SGX Nifty as of 08:30am is trading at around 11105.
  • Nifty range for the day is between `10921 – 11368`. Auto, Banks, NBFC & Energy to be in limelight.
  • As we kept saying Nifty had crossed and closed above the 200DMA of 10861 and 20DMA at 10727 will act as strong support. Last leg we foresee is to test 11400.
  • BankNifty trade in the broader range of 22460 – 23380.
  • Nifty key Resistances at 11229, 11304, 11368 & 11405. Supports are at 11054, 10981, 10921 & 10884.
  • Key Stocks to watch are AxisBank, BajAuto, Biocon, DrReddy, Eicher, HDFCAMC, HDFCBank, HeroMotoCo, Infy, Maruti, Muthoot, Nestle, PEL, PVR, Titan.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • US had ordered to close down the consulate in Houstan & China considering to shut down the US Consulate in Wuhan.
  • US will pay $1.95Bn for Pfizer to produce & deliver 100Mn doses of its Covid-19 vaccine if it proves safe & effective in humans, the government announced Wednesday. BioNTech & U.S.-based Pfizer are jointly developing the vaccine.
  • L&T Q1 earnings comes lower on all fronts on a year-on-year basis.  Q1 net profit comes in at Rs 303cr vs Rs 1473Cr. Revenue at Rs 21260Cr vs Rs 29636Cr.
  • BajajAuto reported a net of Rs 267.58Cr against a loss of Rs 87.40Cr YoY, total income stood at Rs 9281.88Cr against Rs 9946.39Cr
  • Glenmark released phase-3 clinical trial data for Favipair from 150 patients.
  • Wipro wins `Oracle UK & Ireland partner of the year 2020` in Customer Experience category.
    • The company also is exploring to launch 5G edge services solutions suite
  • FII Bought for Rs.1665.57Cr, while DII Sell Net Rs.1138.83Cr
  • VIX closed up by 1.88% at 24.89 & USD/INR at 74.87 down 0.04%
  • Except Energy, Media, NiftyBank & Pharma all sectoral indices closed in red with PSUBank losing over 1.5%. 47 Stocks hit fresh 52 week High with Muthootfin, Dixon, Jubilant Life, Escorts, Granules, LTInfo, Reliance MCX in the list while 6 stocks hit 52 week low on Yesterday.
  • 328 Stocks from Nifty500 saw declines with 4 losing over 5% & 172 stocks gained with 13 stocks over 5%
  • Sharp OI spike seen in Balkrishna, Zeel, Cholafin, M&MFin, CanBk, JindalStel, Wipro Infy, Escorts & Ujjivan.
  • Number of stocks that are in FnO Ban are 10 with AdaniEnt, BHEL, CenturyTex, Escorts, Glenmark, JindalStel, LTFH, M&MFin, Nalco & SunTV.
  • AdaniEnt, IDEA, M&MFin, GMRInfra, IDFCFirst, Infy, Sail, PNB & Wipro saw considerable activities in August Contracts
  • Orient Refractor, Balmerlawrie & Laopala saw over 15x volumes while, Heritagefoods,VTL, Timetechno, HindZinc, Hatsun & Nesco saw over 7x.
  • Max Index OI seen in Nifty monthly contracts of 11000CE & 11000PE followed by 11200CE & 10900PE. Nifty PCR at 1.68
  • Key Q1 Results to watch HDFCAMC, Biocon, AUSmallBank, ABB, Mpasis, Radico Khaitan, PNBHsng, BOM.

Key Triggers:

  • Nifty opened higher at 11231.2 and could not move inches higher and made an intraday low of 11056.55 with a opening high of 11238.1 before closing at 11132.6 (Our Key Resistance was at 11238). Nifty Put Call Ratio is at 1.68 & Max Pain is still seen at 10900
  • Europe closed in red while US closed broadly in green Yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures down 0.15% at 26830 while Nikkei225 down 0.22% at 22715 & Hang-Seng down at 25015.

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Featured

Market Update

Nifty Range: 10854 – 11410

Nifty Wednesday Close: 11132.6

Resistance seen at 11189, 11244, 11301, 11356 & 11468

Support Seen at 11076, 11021, 11964, 11908 & 11796

Featured

Market Update

Nifty Range: 10883 – 11442

Nifty Tuesday Close: 11162.25

Resistance seen at 11218, 11274, 11331, 11386 & 11499

Support Seen at 11106, 11049, 10993, 10938 & 10826

Featured

Pre Market Commentary

22072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10930 & Resistance at 11375.

 Positive news from EU summit had lifted the markets & US Stimulus & Big results, to the rally yesterday which broke the shackles of 11150 at close for the

first time since 4th March.
 Nifty is likely to open around 11180-11200 and expected to be swinging
 SGX Nifty as of 08:30am is trading at around 11190.
 Nifty range for the day is between 10930 – 11375. Auto, Banks, Tech to be in limelight.
 As we kept saying Nifty had crossed and closed above the 200DMA of 10867 and 20DMA at 10610 will act as strong support. Last leg we foresee is to test 11400.
 BankNifty trade in the broader range of 22290 – 23205.
 Nifty key Resistances at 11238, 11314, 11376 & 11414. Supports are at 11063, 10992, 10930 & 10891.
 Key Stocks to watch are ACC, AsianaPaint, Cipla, Escorts, Glenmark, HDFCBank, LT, Naukri, MuthootFin, PEL & TCS.
 Indian Equities Will Be Driven By A Host Of Factors Like
o A) Corporate Earnings
o B) Coronavirus Cases Trend
o C) Geopolitical Developments this Week.
o Market Participants will also keenly watch the Monsoon Progress
 EU union leaders freeze at 750Bn Euros as grants & loans, to deal with this pandemic.
 President Trump, in a shift on facial coverings, encouraged Americans to wear mask if they cannot maintain social distance

 Microsoft, Nike, Starbucks, Unilever & five other industry titans from various sectors are teaming up to help businesses globally achieve zero carbon

emissions.
o Called “Transform to Net Zero”, the group plans to recruit other members and will work with the Environmental Defense Fund and focus on delivering

guidance, research and blueprints for businesses to achieve zero carbon emissions no later than 2050.
 BajFinance, PAT comes out at Rs.962.32Cr, up 1.46% QoQ, while Revenues at Rs. 6648.2Cr down 8%.
o Moratorium Book at Rs.21,705Cr from Rs.38,599Cr.
 HUL reported a 7.2% rise in Q1FY21 net at Rs 1,881Cr from Rs 1,755Cr, revenue increased 4.4 % to Rs10,560Cr from Rs10,114Cr
 Axis Bank Q1FY21 net profit fell 19 % at Rs1112.2Cr from Rs1370.1Cr, net interest income up 20 % to Rs 6,985.3Cr from Rs 5,843.7r
 Reliance Industries defers results to 30th July. Initial plan was to declare results on July 24
 United Airlines Post $1.6Bn Net Loss Q2 as Travel demand plunged amid Covid-19 Pandemic
 FII Bought for Rs.2265Cr, while DII Sell Net Rs.727Cr
 VIX closed down by 1.13% at 24.43 & USD/INR at 74.925 down 0.18%
 Except FMCG & Pharma all sectoral indices closed in green with Energy up over 3.4% and NBFC, PSU Bank & FinService up over 2% 52 Stocks hit fresh 52 week High

while 5 stocks hit 52 week low on Yesterday.
 Sharp OI spike seen in BPCL, RamcoCem, JindalStel, Escorts, MFSL, Bajfinance, Amaraja, Zee & TorntPower
 Hathway, Sunteck, Central Bank, Heritage Food, MRPL, CPCL, Brigade, BankIndia are some stocks that saw over 6% jump
 Number of stocks that are in FnO Ban are 10 with AdaniEnt, BHEL, CenturyTex, Escorts, Glenmark, JindalStel, LTFH, M&MFin, Nalco & SunTV.
 AdaniEnt, M&MFin, IDFCFirst, PNB, CenturyTex, BHEL, Sail, Cummins & Exide saw considerable activities in August Contracts
 Sheela Foam saw 13.77x volumes while CUMI, KoltePatil saw over 10x and CARE & CPCL over 7x.
 Max Index OI seen in Nifty monthly contracts of 11400CE & 11000PE followed by 11300CE & 11100PE. Nifty PCR at 1.87
 Key Q1 Results to watch Bajaj Auto, Larsen & Toubro, JSPL, Alembic Pharma, Astec Life, ICICISec, HeidelbergCem

Key Triggers:

 Nifty opened at 10999.45 and made two attempts to cross 10840 till afternoon with an intraday low of 10953 and took the leap in 2nd half to fly past 11k to hit

a high of 11037.90 before closing at 11022.2 (Our Key Resistance was at 11020). Nifty Put Call Ratio is at 1.75 & Max Pain is still seen at 10700

 Europe & US closed broadly in green Yesterday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures up 0.6% at 26840 while Nikkei225 down

22830 & Hang-Seng up at 25750.

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Featured

Pre Market Commentary

21072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty breaks shackles on Vaccine trial results & Stimulus hopes & has Key Support placed at 10786 & Resistance at 11225.

  • While traders await EU summit, US Stimulus & Big results, with HDFCBank Infy & ICICIBank contributing 77 points to the rally yesterday which broke the shackles of 11000 at close for the first time since 4th March.
  • Nifty though had filled almost all the gap made on 6th March (6th High 11035.1, Close 10989.45) the volumes though had been lower than last 3 sessions..
  • Nifty is likely to open around 11080-11100 and expected to be very volatile.
  • SGX Nifty as of 08:30am is trading at around 11125.
  • Nifty range for the day is between `10785 – 11225`. Auto, Banks, Tech to be in limelight.
  • As we kept saying Nifty had crossed and closed above the 200DMA of 10867 and 20DMA at 10610 will act as strong support. Last leg we foresee is to test 11400.
  • BankNifty trade in the broader range of 21900 – 22795.
  • Nifty key Resistances at 11089, 11164, 11226 & 11264. Supports are at 10918, 10846, 10785 & 10750.
  • Key Stocks to watch are ACC, AxisBank, Bajaj Twins, CanBk, Cipla, Eicher, HeroMotoCo, HUL, Indigog, Infy, Naukri, Nestle, ShreeCem, TechM, UltraCemCo, UPL, Wipro.
  • Indian Equities Will Be Driven By A Host Of Factors Like
    • A) Corporate Earnings
    • B) Coronavirus Cases Trend
    • C) Geopolitical Developments this Week.
    • Market Participants will also keenly watch the Monsoon Progress
  • EU union leaders may freeze at 390Bn Euros as grants & 360Bn Euros as loans, original proposal was at 500Bn Euros as grants & 250Bn Euros as loans
  • US Secretary Mike Pompeo reached UK to discuss on Brexit free trade, 5G & issues related to China
  • AGR Dues case SC reserves order, Vodafone & Airtel seek 15 years repayment while Tata Tele seeks 10 years
  • India likely to get 5 Rafale fighter aircrafts by July End.
  • India looking to reduce the PSU Banks to 5 from current list of 12. We have BOI, CBI, IOB, UCOBank, BOM, Punjab & Sind Bank.
  • Oxford & AstraZeneca phase=3 results are neutralizing antibodies >90% while CanSino seeing at 85%
  • JublLife gets approval from DCGI to manufacture covid-19 antiviral drug as 100mg vials under the name of `JUBI-R`
  • ACC Q2 profit at Rs270.9Cr against Rs455.7Cr, Revenues at 2602.2Cr against 4419.8Cr. EBITA at Rs525.4Cr against Rs783Cr, Margins improved at 20.2% by 130bps.
  • SBICards reported a 13.8% jump in net at Rs393.29Cr
  • MYLAN to launch Covid-19 vaccine under the name of DESREM in India, also launches a 24/7 helpline to access information
  • IBN reports 30% jump in Q2 revenues at $6.3bn, total revenues fell 5.4% at $18.12Bn
  • Indigo to cut down 10% of total workforce, currently has over 23500 manpower as of March’19.
  • UBS unit to pay $10Mn to resolve the US SEC charges on `flippers` case on Bonds
  • Japan`s core consumer prices flat, shows deflation risks and economy to be contracted over 20% till Q1
  • Human trial for Covid-19 vaccine, Covaxin begins in AIIMS
  • FII Bought for Rs.1709.97Cr, while DII Sell Net Rs.1521.99Cr
    • FII had sold in Equity Rs2280.32Cr & DII for Rs3761.36Cr in July so far. Data suggests selling in Stock Futures & Options and hedge in Index Futures & Options.
  • VIX closed down by 2.28% at 24.71 & USD/INR at 75.075 down 0.08%
  • Except IT all sectoral indices closed in green with Energy up over 4.2% and NBFC, PSU Bank up over 1.75% 35 Stocks hit fresh 52 week High while 9 stocks hit 52 week low on Friday
  • Sharp OI spike seen in M&MFin, ACC & CholaFin. Sharp decline in OI was seen in Britannia.
  • Number of stocks that are in FnO Ban are 11 with AdaniEnt, BHEL, CanBk, CenturyTex, Glenmark, IDEA, LTFH, M&MFin, Nalco & SunTV.
  • AdaniEnt, M&MFin, IDFCFirst, CenturyTex, BHEL, Sail, Cummins saw considerable activities in August Contracts
  • Bluedart saw 8.76 time jump on volumes while M&MFin, Venkeys, Dhanuka, Schaeffler, NH, Aartind saw over 5X.
  • Max Index OI seen in Nifty monthly contracts of 11200CE & 11000PE followed by 11200CE & 10900PE. Nifty PCR at 1.75
  • Key Q1 Results to watch AxisBank, Bajaj Twins, HDFCLife, ICICIPru, HUL, SBILife, TatElxsi

Key Triggers:

  • Nifty opened at 10999.45 and made two attempts to cross 10840 till afternoon with an intraday low of 10953 and took the leap in 2nd half to fly past 11k to hit a high of 11037.90 before closing at 11022.2 (Our Key Resistance was at 11020). Nifty Put Call Ratio is at 1.75 & Max Pain is still seen at 10700
  • Europe & US closed mixed on Friday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures flat currently around that 26610 while Nikkei225 up at 22835 & Hang-Seng at 25450.

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Featured

Market Update

Nifty Range: 10745 – 11298

Nifty Monday Close: 11022.2

Resistance seen at 11078, 11133, 11188, 11243 & 11352

Support Seen at 10967, 10911, 10856, 10801 & 10691.

Featured

Mid-Day Update

Update: 12:10:- As of now the area if Resistance has been 11010-11020. Our Pivotechnical Resistance was also at 11020 in morning commentary and low at 10956.90 which is just above our 1st Resistance of 10947 which on reversal is acting as support. 10877-10947 is strictly a no-fly-zone. Nifty50 Open- 10999.45, Low- 10956.9, High- 110-7.7 & Last- 10983 (12:10)

Keep all SLs in place for both Short & Longs aa again markets are expecting some major event to take place. Fingers Crossed

https://mkt2day.wordpress.com/2020/07/20/pre-market-commentary-4/

Featured

Pre Market Commentary

20072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

 Traders await EU summit, US Stimulus & Big results, with Reliance, HDFCBank &ICICIBank contributing 105 points to the last hour rally on Friday which broke the shackles of 10900 resistance for the first time since 6th March.

 Nifty though had filled some portion of gap made on 7th March at open (6th Close 10989.45, 7th Open 10742.05) the volumes though had been lower than last 3 sessions

 Nifty is likely to open around 10880-10900 and expected to be very volatile.
 SGX Nifty as of 08:30am is trading at around 10900.
 Nifty range for the day is between 10645 – 11080. Auto, Banks, Metal & FMCG to be in limelight.
 As we kept saying Nifty had crossed and closed above the 200DMA of 10877; and also now the 20DMA at 10575 will act as strong support. One last leg to complete is that we should manage a close above 10950 for the trend to become bullish.

 BankNifty trade in the broader range of 21420 – 22301.
 Nifty key Resistances at 10947, 11020, 11081 & 11118. Supports are at 10776, 10704, 10646 & 10610.
 Key Stocks to watch are ACC, ApolloHosp, BajAuto, BajFinance, BPCL, Britannia Eicher, Escorts, HDFCBank, Hindalco, JindalStel, M&M, Maruti, Muthoot, Voltas.
 Indian Equities Will Be Driven By A Host Of Factors Like
o A) Corporate Earnings
o B) Coronavirus Cases Trend
o C) Geopolitical Developments this Week.
o Market Participants will also keenly watch the Monsoon Progress
 FPIs Pull Out Rs.9,015Cr from Indian Markets in July so far. According To Depositories Data they Withdrew Rs.6,058Cr from Equities & Rs.2,957Cr from Debt on Net Basis During July 1-17. The Latest withdrawal has come after Investment of Rs.24,053Cr By FPIs In Domestic Markets In June

 Reliance Industries Board To Consider Q1Fy21 Results On July 24, 2020
 HDFC Bank On Saturday reported a Net at Rs6658.62Cr for Q1, with a 20% jump, the net Revenue grew 8% YoY to Rs19740.7Cr against Rs18,264.5Cr. Net Interest Income was up 17.8% to Rs.15665.40Cr mainly on 20.9% Growth in Advances & 24.6% in Deposits. Q1 Gross NPA 1.36% Vs 1.26%. Net NPA 0.33% Vs 0.36%. Q1 Net Inrterest Income Rs156.65Bn vs Rs132.94Bn

 Vodafone Idea Paid Additional Rs.1,000Cr Towards AGR Dues, Taking Its Total Payment To An Aggregate Rs.7,854Cr
 M&M Financial Q1 Net Profit Rs4.31Bn Vs Rs1.07Bn, Q1 Revenue Rs29.92Bn Vs Rs27.28Bn, approves 1:1 Rights Issue At Rs.50/Share
 Trident Q1 Net Profit Rs100Mn against Rs1.22Bn, Q1 Revenue Rs7.08Bn against Rs13.12Bn, Q1 EBITA Rs1.13Bn against Rs2.95Bn
 ICICI Lombard Q1 Net Profit Rs3.98Bn against Rs3.1Bn, Q1 interest earned Rs27.29Bn against Rs26.64Bn
 Sources say that Tata Sons may raise Up to $1B
 Uk Govt Asked Japan to help build its 5G Wireless Networks without Huawei Technologies, Britain named NEC Corp & Fujitsu Ltd as Potential alternative suppliers to Huawei

 Astrazeneca has lined up agreements to produce 2 Billion doses of Oxford’S Covid19 Vaccine, Devised by Sarah Gilbert, the vaccine is now in Human Trials
 OIL Prices trade lower on surge in Covid-19 cases.
 Gold imports plunge 94% in April-June to $688Mn. Silver imports during the quarter, too, dipped 45% to $575Mn (about Rs 4,300Cr).
 FII Buy Net Rs.697.08 Cr Of India Shares on Friday, DII Sell Net Rs.209.42 Cr
 VIX closed down by 4.73% at 24.16 & USD/INR at 75.07 down 0.33%
 Except IT all sectoral indices closed in green with Energy up over 4.2% and NBFC, PSU Bank up over 1.75%35 Stocks hit fresh 52 week High while 9 stocks hit 52 week low on Friday

 Number of stocks that are in FnO Ban are 9 with BHEL, CanBk, CenturyTex, Glenmark, IDEA, LTFH, Nalco, PNB & SunTV
 IDFCFirst, Centurytex, BHEL, Sail, Cummins & Exide saw considerable activities in August Contracts
 Omaxe saw 166.64 time jump on volumes at 5.85mn with 3.99% rise in price from 52week low of 61.85. HEG, KoltePatil saw over 10x and BPCL, Britannia, Bajajcon & AartiInd saw over 5x

 Max Index OI seen in Nifty monthly contracts of 11000CE & 10500PE followed by 10800CE & 10200PE. Nifty PCR at 1.15
 Key Q1 Results to watch ACC, BombayDyeing, SBICards

Key Triggers:

 Nifty opened at 10752 and made two attempts to slow progress towards 10830 with an intraday low of 10749.65 and took the leap in last hour to fly past 200DMA to hit a high of 10933.45 before closing at 10901.70. Nifty Put Call Ratio is at 1.76 & Max Pain is still seen at 10600

 Europe & US closed mixed on Friday, As of 08:30am Key World indices Futures are trading mixed DJIA Futures currently around that 26420 while Nikkei225 in red at 22620 & Hang-Seng at 25030.


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Featured

Market Update

Nifty Range: 10621 – 11175

Nifty Friday Close: 10901.7

Resistance seen at 10958, 11012, 11066, 11120 & 11230

Support Seen at 10846, 10791, 10738, 10683 & 10574

Featured

Mid Day Update

Nifty50 Open- 10752, High- 10835.10, Low- 10749.65 & Last- 10814. Weekend approaching, is the markets willing to take punt on global outlook and go with long side is a probable question to be answered. Nifty though is trading near its day’s highest point of 10835.10. We have some major results coming post market hours today before Monday opening and the markets would generally opt for a wait-n-watch approach.

Though technical indicators as of now is looking good, the sentimental factor on the indices/markets are still showing some doubts. We would still suggest to stay liquid over weekend and enjoy the gains of the week or work-out plans to achieve what is lost this week over the rest of trading sessions.

On the Pivotechnical side, Nifty has Strong resistance at 10848 – 10876 levels and as we keep insisting since last Thursday, unless Nifty50 breaches 10880 and closes, we will not be turning into Short-term buy and only be doing swing trades of Long / Shorts. BankNifty Open- 21608.05, High- 21844.10, Lows-21550.80 & Last- 21676.4.

If BankNifty breaches 21476-21488 we may see a sharp decline to 21388-21324 & 21278. Bullish bias will come if trades above 21925. For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

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Market Update

Nifty Range: 10472 – 11008

Nifty Thursday Close: 10739.95

Resistance seen at 10848, 10901, 10955, 11062 & 11170

Support Seen at 10632, 10578, 10524, 10416 & 10310

Featured

Pre Market Update

17072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty fails to hold early gains and ends flat losses for the session led by Banking & has Key Support placed at 10484 & Resistance at 10912.

  • Traders resorted to buy beaten down stocks with Infy, KotakBank & HDFCBank contributing 90 points to the rally though had exercised doubts at initially started momentum during expiry hour.
  • Nifty forms a hammer on daily charts indicating the trader`s willingness to buy the dips, though the fall in VIX is ruling out a higher volatility ahead.
  • Nifty is likely to open around 10740-10760 and expected to be very volatile.
  • SGX Nifty as of 08:30am is trading at around 10770.
  • Nifty range for the day is between `10485 – 10912`. NBFC, Banks & FMCG to be in limelight.
  • We will keep a watch at Nifty 200DMA of 10877; as today it has held above the 20DMA at 10541 which will act as strong support. Again we reiterate that unless we manage a close above 10950 is done overall trend remains sideways.
  • BankNifty trade in the broader range of 21006 – 21865. Yesterday post the opening downtick of 21027.85 in 1st 15mins trade, Bank Nifty held to the Support of 21080 yesterday.
  • Nifty key Resistances at 10780, 10852, 10912 & 10949 Supports are at 10612, 10542, 10484 & 10448.
  • Key Stocks to watch are AsianPaint, BajajAuto, BajFinServ, BPCL, Britannia  Cipla, DrReddy,, Grasim, HDFC, HeroMoto, HUL, Infratel, Infy, MFSL, Muthoot, HCLTech, ICICIGI, M&MFin, ACC & SBICards.
  • India ranks 3rd behind US & China in the list of most suitable locations for global manufacturing
  • LTTS profit at Rs 117Cr & Revenue at Rs 1295Cr. LTTS signs agreement to acquire Orchestra Technology for $25Mn
  • Alkem Labs gets USFDA nod for Dextromethorphan Hydrobromide & Pseudophedrine Hydrochloride to treat Allergy & Cold
  • Torrent Pharma gets USFDA nod for Nystatin, Triamcinolone Acetonide Cream used for antifungal medication.
  • India’s Trade surplus at $790Mn which is highest in past 18years.
  • Medical/Health data`s at risk of being hacked by Russian hackers says UK, Canada & US though Russia denies the allegations
  • Emerging market Debt totaling to $72.6Trn in Q1, it’s a 230% jump of GDP says IIF
  • ECB maintains status-quo on Interest rates at 0.00% & affirms pandemic purchase program at 1.35Trn Euro
  • India-EU agrees to renew the agreement on Scientific Cooperation for next 5 years
  • Yes Bank FPO subscriptions at 48%
  • India crosses 1mn mark in Covid-19 positive cases with a recovery rate of over 63%
  • US Jobless claims came at 17338k vs 18062k.
  • India`s Trade Surplus in June is $0.8Bn against a deficit of over $3Bn in May.
  • FII Sold for Rs 1091.08Cr while DII Bought for Rs 1659.91Cr
  • VIX closed down by 3.5% at 25.36 & USD/INR at 75.53 up 0.08%
  • 40 Stocks hit fresh 52 week High while 11 stocks hit 52 week low yesterday
  • Number of stocks that are in FnO Ban are 6 with CanBk, LTFH, CenturyTex,  SunTV, IDEA, PNB
  • IDFCFirst, Centurytex, BHEL, Cummins, UPL, LTFH, Sail, PVR & SBI saw considerable activities in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11000CE & 10500PE followed by 10800CE & 10200PE. Nifty PCR at 1.15
  • BajajCon saw 9x spike in volumes while AartiInd, Infy, Mphasis & Take had >5x
  • Long Build-up seen in Britannia, JindalStel, JustDial, Muthoot & Manappuram. Short Build-up seen in Infratel, ApolloTyre, IDEA, BEL & UPL
  • Key Q1 Results to watch Britannia, HCLTech, ICICIGI & Granules

Key Triggers:

  • Nifty opened at 10706.2 and made two attempts to breach the key support of 10591 twice and managed to swing 10630 – 10680 till expiry rally took it to day’s high of 10755.3 before closing at 10739.95. As of now though Nifty had failed to breach decisively the 200DMA of 10880 its holding the 20DMA interim support at 10540. Nifty Put Call Ratio is at 1.34 vs 1.14 & Max Pain seen at 10600
  • Europe & US closed in red yesterday, aAs of 08:30am Key World indices Futures are trading mixed DJIA Futures in + currently around that 26600 while Nikkei225 in red at 22700 & Hang-Seng green  at 25120.

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Featured

Market Update

Nifty Range: 10352 – 10884

Nifty Wednesday Close: 10618.2

Resistance seen at 10725, 10778, 10831, 10936 & 11044.

Support Seen at 10512, 10458, 10404, 10299 & 10191.

Featured

Pre Market Commentary

16072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty fails to hold early gains and ends flat losses for the session led by Banking & has Key Support placed at 10461 & Resistance at 10889. Moderna & Oxford trial cheer markets

  • Traders exercised doubts at higher levels yesterday & started their selling spree with both FII & DII turned net sellers, Nifty is likely to open around 10600-10620 and expected to be sideways.
  • SGX Nifty as of 08:30am is trading at around 10620.
  • Nifty range for the day is between `10460 – 10890`. NBFC, IT & Engineering to be in limelight.
  • Nifty while not able to trade above 200DMA of 10877, we now have the 20DMA at 10508 which will act as strong support. Again we reiterate that unless we manage a close above 10950 is done overall trend remains sideways.
  • BankNifty trade in the broader range of 21080 – 21940.
  • Nifty key Resistances at 10758, 10830, 10889 & 10925 Supports are at 10591, 10520, 10462 & 10427.
  • Key Stocks to watch are AdaniPorts, AsianPaint, BajFinance, BajFinServ, Biocon, DivisLab, , Grasim,  HUL, Indigo, IndusInd, LT, Maruti, NIITTech, Reliance, TCS, Zeel.
  • Infosys  Q1 Cons Profit at Rs 4233Cr & Revenue at Rs 23665Cr. Margins 19%
  • LTInfotech profit at Rs 416Cr & Revenue at Rs 2949Cr
  • Sugar Stocks to Cheer as price hike of Rs2/kg
  • IDBIBank to raise 11000Cr
  • SBI Board gives nod for raising funds via bond sale for FY21 to the tune of Rs25000cr
  • Google becomes the 14th Investor and joins the league of investors in JIO Platforms and plans to pick 7.7% stake at $4.5Bn.
    • Reliance & Google to manufacture 4G & 5G handsets for JIO Users, JIO Glass – Mixed-Reality headset launched
    • Reliance raises Rs2,12,809Cr in less than 3 months
    • Aramco deal is delayed & exploring other global partnerships
    • JIO TV+ launched with voice enabled search
  • Walmart pumps $1.2Bn into Flipkart group amongst this pandemic.
  • Twitter attacks on Kayne West, Kim Kardashian, Barack Obama, Elon Musk, Biden, Jeff Bezos, Warren Buffet, Bill Gates these accounts were hacked.
  • US rolls-back plans on visa curb on students after legal challenges by universities
  • 174 Indian nationals files lawsuits on the policy change in H-1B/H-4 visa as unlawful.
  • China removes 2500+ apps/games from Apple`s China Appstore
  • UK CPI YoY for June at 0.8% against 0.5%
  • US Jobless claims, FED MFI, Core Retail Sales numbers are key to look out for.
  • India`s Trade Surplus in June is $0.8Bn against a deficit of over $3Bn in May.
  • FII Sold for Rs 221.7Cr while DII sold for Rs 899.37Cr
  • VIX closed flat at 26.64 up 5.5% & USD/INR at 75.73 up 0.18%
  • 50 Stocks hit fresh 52 week High while 6 stocks hit 52 week low yesterday
  • Number of stocks that are in FnO Ban increases to 10 with CanBk, LTFH,  Sail, CenturyTex, Equitas, SunTV, IDEA, PNB, Escorts & Mindtree
  • IDFCFirst, Centurytex, BHEL, Cummins, UPL, LTFH, Sail, PVR & CanBk saw considerable activities in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11000CE & 10500PE followed by 10800CE & 10200PE. Nifty PCR at 1.15
  • Wipro saw 16x spike in volumes while ICRA, Hathway had >10x
  • Long Build-up seen in Wipro, NIITTech, Glenmark, UPL, Infosys. Short Build-up seen in LTFH, MFSL, BHEL, MRF, TorntPower
  • Key Q1 Results to watch L&TFH, LTTS, ABMoney, BajajConsumer

Key Triggers:

  • Nifty opened at 10701 and made attempts to breach the key resistance of 10820 twice with high at 10827.45 and started the slide downward with day low of 10577.75 before closing at 10618.2. As told From Friday since Nifty had failed to breach decisively the 200DMA of 10880 we watch the interim support at 105. Nifty Put Call Ratio is at 1.14 vs 1.47 & Max Pain seen at 10508
  • Europe closed in green with DAX, CAC, IBEX & FTSE100 gaining  >1.8% while in the US Dow & S&P500 managed to close >+0.85%, Nasdaq ended at 0.59%. As of 08:30am Key World indices Futures are trading mixed DJIA Futures currently around that 26650 while Nikkei225 in red at 22785 & Hang-Seng down at 25220.

For more share market tips, ideas, updates and stock recommendations follow our BullsEyeCue App, Twitter, FB, Telegram and Website.

Featured

Update

10:00AM Nifty Update:- Nifty Open- 10701, High-10750.30, Low- 10683.45 & Last- 10747. The morning rally looks hollow & intution says when it trades like this its always waiting for a decisive move. Please stay in Cash or Trade in Cash Segment with 1/10th position size to avoid the destruction*

Featured

Market Update

Nifty Range: 10342 – 10873

Nifty Tuesday Close: 10607.35

Resistance seen at 10714, 10768, 10820, 10926 & 11032.

Support Seen at 10501, 10448, 10396, 10289 & 10182.

Featured

Pre Market Update

15072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Nifty extends losses for the 2nd session led by Banking & has Key Support placed at 10430 & Resistance at 10856.

 Traders exercised doubts at higher levels yesterday & continued their selling spree, Nifty is likely to open around 10660-10680 and expected to be sideways.
 SGX Nifty as of 08:30am is trading at around 10680.
 Nifty range for the day is between 10430 – 10856. NBFC, IT, Pharma & Engineering to be in limelight.
 Nifty while 200DMA has been decisively broken today we now have the 20DMA at 10472 which will act as strong support. Again we reiterate that unless we manage a

close above 10950 is done overall trend remains sideways.

 BankNifty trade in the broader range of 21080 – 21940.
 Nifty key Resistances at 10725, 10796, 10856 & 10901 Supports are at 10559, 10488, 10430 & 10396.
 Key Stocks to watch are AdaniPorts, AsianPaint, BajFinance, BajFinServ, Biocon, DivisLab, , Grasim, HUL, Indigo, IndusInd, LT, Maruti, NIITTech, Reliance,

TCS, Zeel.
 Wipro, Mindtree, CenturyTex, HindCopper, OptoCircuits are out with results today.
 After promising responses from 45 samples, Moderna’s Covid-19 vaccine to be tested upon 30000 and expected to begin on 27th July.
 President Trump signs order to end preferential treatment for HongKong.
 UK bans Telecom companies from buying new 5G equipments from Huawei, this comes as a big blow to China as UK also joins the Ban list.
 China slaps sanctions on top American arms manufacturing firm Lockheed Martin over Taiwan missile deal. The company though is not dealing with any Chinese

firms yet & this comes as a retaliation on US approval to the request by Taiwan for recertification
 India expecting a comprehensive free trade agreement with EU which is scheduled today
 Wipro Q1 Cons Profit at Rs 2390Cr & Revenue at Rs 15571.4Cr. Margins 19%
 Wipro confirms takeover of IVIA Servicos de Informatica Ltda – Brazil
 Reliance’s Virtual AGM scheduled today with a capacity of more than 100000 share holders from over 500 locations through JIO Haptik Chatbot has 2-way-live-

streaming.
 JIO gained 4.68mn subscribers in March & has a market share of 33.37%. Airtel & IDEA lost 7.61Mn subscribers pushing the share to 28.21% and 27.5%.
 Walmart pumps $1.2Bn into Flipkart group amongst this pandemic.
 Airtel is partnering with Verizon Communications Inc to launch a business-focused video conferencing tool BlueJeans. Airtel-BlueJeans will be free for all

business customers for 3months and store all of its data in India
 Vanguard announced a partnership with Infosys as part of its ongoing strategy to enhance and evolve its full-service (DC) business.
 SBI Shareholders give nod to raise Rs 20,000Cr through FPO, private placement, QIP
 TRAI puts hold on specific plans by Vodafone Idea & Airtel promising faster speeds
 June WPI inflation at -1.81% against -3.21% in May
 FII Sold for Rs 221.76Cr while DII sold for Rs 1485.59Cr
 VIX closed flat at 26.64 up 5.5% & USD/INR at 75.715 up 0.16%
 43 Stocks hit fresh 52 week High while 7 stocks hit 52 week low yesterday
 Number of stocks that are in FnO Ban increases to 8 with Sail, CenturyTex, Equitas, SunTV, IDEA, PNB, Escorts & Mindtree
 IDFCFirst, Centurytex, BHEL, Cummins, UPL, LTFH, PVR & Sail saw considerable activities in August Contracts
 Max Index OI seen in Nifty monthly contracts of 10800CE & 10500PE followed by 11000CE & 10000PE
 GE T&D saw 20x spike in volumes while Rallis, Hathway, Thyrocare, AartiInd, BASF, BajajCon saw volume spikes of 5x
 Long Build-up seen in Biocon, SunTV, AuroPharma & BataIndia. Short Build-up seen in RamcoCem, Mindtree, CanBk, RBLBank, BajFinServ
 Key Q1 Results to watch L&T Infotech, Bandhan Bank, Federal Bank

Key Triggers:

 Nifty opened at 10750.85 and made failed attempts to breach 10760 thrice with high at 10755.65 and started the slide downward with day low of 10562.9 and made some recoveries before closing at 10607.35. As told on Friday it looks like Nifty had failed to breach decisively the 200DMA of 10880. Nifty Put Call Ratio is at 1.14 vs 1.47 & Max Pain seen at 10500

 Europe closed in green with DAX, CAC & FTSE100 gaining >1.3% while in the US Dow managed to close +2.13%, S&P500 +1.34%, Nasdaq ended at 0.94%. As of 08:30am Key World indices Futures are trading mixed DJIA Futures currently around that 26750 while Nikkei225 in green at 22850 & Hang-Seng down at 25510.



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Featured

Market Update

Nifty Range: 10478 – 11072

Nifty Monday Close: 10802.7

Resistance seen at 10910, 10935, 11018, 11126 & 11235.

Support Seen at 10695, 10640, 10587, 10478 & 10370

Featured

Pre-Market Commentary

14072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty extends losses but manages to have weekly gains for the 4th consecutive week & has Key Support placed at 10553 & Resistance at 10984.

  • Traders exercised doubts at higher levels yesterday, Nifty is likely to open around 10735-10750 and expected to be sideways.
  • SGX Nifty as of 08:30am is trading at around 10750.
  • Nifty range for the day is between 10602 – 11035. IT, Banks, Engineering  & Auto to be in limelight.
  • Nifty while support trend line is seen flat at 10700 unless a close above 10950 is done overall trend remains sideways.
  • BankNifty trade in the broader range of 21800 – 22790.
  • Nifty key Resistances at 10901, 10974, 11035 & 11072, Supports are at 10732, 10661, 11602 & 10566.
  • Key Stocks to watch are ACC, AsianPaint, BajFinServ, Colgate, Eicher, Grasim,  HCLTech,HDFCBank, LT, Reliance, ShreeCem, TCS, TechM, UltraCemCo.
  • Wipro, Mindtree, CenturyTex, HindCopper, OptoCircuits are out with results today.
  • US say the world will not allow Beijing to treat South China Sea as its maritime empire. This stirs up tensions and we need to see what other nation’s stance on this.
  • India begins talks with EU & UK for free trade agreement, the same was suspended in 2013.
  • OPEX Allies set to ease oil cuts, Saudi proposes curbs by 2mn bpd
  • Google to fund $10bn over next 5-7 years in Indian Companies as a part of Google For India Digitisation Fund.
  • India`s June inflation expands to 6.09
  • RBI net buyers of $ in May worth $4.363Bn
  • S&P slashes emerging markets forecast to a 4.7% contraction; this comes as a major set-back to the sentimental gains that were seen earlier this month.
  • Market participants now predict further cuts in India’s official interest rate but the weakness of the rupee, down 9% in the past year, may also give policymakers pause.
  • Singapore`s GDP had declined an annualized 41.2% from past quarter, the deepening slump reflects the knock Singapore’s economy is taking from all sides amid the pandemic.
  • Biocon received DCGI approval to market Itolizumab injection 5ml & 25mg to ARDS patients due to Covid-19.
  • Glenmark commences PMSS with 1000 Covid-19 patients who are administered with FabiFlu.
  • TRAI puts hold on specific plans by Vodafone Idea & Airtel promising faster speeds
  • FII Bought for Rs 221.76Cr while DII sold for Rs 1485.59Cr
  • VIX closed flat at 25.25 up 1.2% & USD/INR at 75.29 down 0.12%
  • Number of stocks that are in FnO Ban increases to 7 with Sail, CenturyTex, Equitas, Glenmark, IDEA, PNB & Escorts above 95%
  • IDFCFirst, Centurytex, Cummins UPL & Sail saw activities in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11500CE & 10600PE followed by 11400CE & 10400PE
  • KSBLtd, Thyrocare, BajajCon, FConsumer saw > 10x higher volumes while AartiInd, Suprajit, Polmed, BASF& GE T&D saw volume spikes of 5x
  • Long Build-up seen in IBHousing, Mindtree, SunTV, Amaraja & Colgate Short Build-up seen in Sail, SRF, BataIndia, Escorts & BandhanBank 

Key Triggers:

  • Nifty opened at 10851.85 and made failed attempts to breach 10900 twice with high at 10894.05 and started the slide downward with day low of 10756.05 and in last hour made some recoveries before closing at 10802.7. As told on Friday it looks like Nifty had failed to breach decisively the 200DMA of 10880. Nifty Put Call Ratio is at 1.47 vs 1.67
  • Europe closed in green with DAX, CAC & FTSE100 gaining  >1.3% while in the US Dow managed to close in border & S&P500 lost close to 1%, Nasdaq ended in 2.1% loss. As of 08:15am Key World indices Futures are trading mixed DJIA Futures currently around that 26000 while Nikkei225 down at 22555 & Hang-Seng down at 25370.

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Market Update

Nifty Range: 10499 – 11038

Nifty Friday Close: 10768.05

Resistance seen at 10876, 10930, 10984, 11092 & 11198.

Support Seen at 10660, 10606, 10552, 10445 & 10338.

Featured

Pre – Market Update

13072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty extends losses but manages to have weekly gains for the 4th consecutive week & has Key Support placed at 10553 & Resistance at 10984.

  • Traders exercised doubts on markets on Friday and Nifty is likely to open around 10815-10830 and expected to be trending.
  • SGX Nifty as of 08:30am is trading at around 10830.
  • Nifty range for the day is between 10553 – 10984. IT, FinService, Banks to be in limelight.
  • Nifty forms Doji on daily charts, while support trend line is seen flat at 10700 unless a close above 10950 is done overall trend remains sideways.
  • BankNifty trade in the broader range of 22070 – 22980.
  • Nifty key Resistances at 10850, 10922, 10983 & 11020, Supports are at 10682, 10611, 10553 & 10518.
  • Key Stocks to watch are AxisBank, BajAuto, Biocon, Britannia, Escorts, HUL, JindalStel, Infy, M&M, Nestle, Reliance.
  • Infy, HCLTech, Wipro, HDFCBank, Britannia, Mindtree, BandhanBank, LTInfotech, LTFin, LTTS, are out with results this week.
  • Qualcomm to invest $110Mn in JIO Platforms, as of now Rs 1,18,318.45Cr has been raised for 25.24% stake in JIO platforms from 13 investors.
  • Reliance 43rd AGM is on 15th July, this is post the huge capital raising that has taken place in past 2 months. The stock had rallied 63% since last AGM and Market Cap had touched 12Lac Crore.
  • FII sold for Rs 1031Cr while DII sold for Rs 431Cr
  • FPI pulls out Rs 2687Cr from Indian Markets in July 1st 10 days trade
  • VIX closed flat at 24.94 10 & USD/INR at 75.60 at 0.23%
  • IDFCFirst, Centurytex, Cummins & UPL sees movements in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11500CE & 10600PE followed by 11400CE & 10400PE
  • Polymed saw 12x higher volumes on Friday while FSL, ElgiEquip, BharatGas & BBTC saw volume spikes of 5x
  • Long Build-up seen in Escorts, MGL, UPL, MuthootFin & UBL Short Build-up seen in SRTRANSFIN, TataChem, CoalIndia, BataIndia & Infratel

Key Triggers:

  • Nifty opened at 10764.1 and kept trading in downward trend 10730-10780 with day low of 10713 and in last hour made some recoveries before closing at 10768.05. As told on Friday it looks like Nifty had formed a temporary Peak at 10850 levels today which was also seen during early March this year & also near the 200DMA of 10880. Nifty Put Call Ratio is at 1.47 vs 1.67
  • Europe closed in green with DAX, CAC & IBEX gaining  >1% while in the US Dow & S&P500 gained 1% while Nasdaq ended in 0.6% gains. As of 08:15am Key World indices Futures are trading marginally in red DJIA Futures currently around that 25540 while Nikkei225 up marginally at 22430 & Hang-Seng down at 25970.
  • India begins talks with EU & UK for free trade agreement, the same was suspended in 2013.
  • Gilead usage shows reduced Covid-19 death risk with Remdesivir
  • Us Central bank slashes interest rates to Zero and rolled our $2trillion Stimulus.
  • Financial Majors JPMorgan, Citi Group, Wells Fargo, Goldman Sachs, BofA, Morgan Stanley to report results next week.
  • Reliance – BP JV with RIL 51% & BP 49% in Reliance BP Mobbility Ltd
  • Biocon secures approvals for Itolizumab for Covid-19. Itolizumab is used to treat skin disease psoriasis currently. DCGI has approved for Covid-19 use.
  • Old National Bank & Infosys signs for digital solutions.
  • INDIA CPI & US Fed Budget Balance are key triggers on Monday

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Featured

Market Update

Nifty Range: 10545- 11084

Nifty Thursday Close: 10813.45

Resistance seen at 10868, 10922, 10978, 11030 & 11138.

Support Seen at 10705, 10651, 10596, 10489 & 10381.

Featured

Pre-Market Update

10072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty ends 5 day winning streak & has Key Support placed at 10530 & Resistance at 10959.

  • Traders to exercise caution Nifty is likely to open around 10700-10720 and expected to be volatile on account of weekly expiry.
  • SGX Nifty as of 08:30am is trading at around 10765.
  • Nifty range for the day is between 10640- 10950. NBFCs, Tech, Energy to be in limelight.
  • Nifty forms Inside Bar on daily charts, while support trend line is also uprising.
  • BankNifty trade in the broader range of 22405 – 23320.
  • Nifty key Resistances at 10878, 10951, 11012 & 11060, Supports are at 10710, 10639, 10580 & 10544.
  • Key Stocks to watch are  BajFinance, BajFinServ,  DrReddy, Eicher, Escorts,  HDFC,  IRCON, IRCTC, Maruti, Reliance, ShreeCem TorntPharm, UltraCemCo, Titan
  • IRCTC, FConsumer, SAIL, KTKBank are out with results today & IRCTC (Close1385.05) key resistance at 1401, 1414 & 1421 weak below 1377. While SAIL (Close 36.7) key resistance at 37.10, 37.5 & 38.2 while Support is at 36.30.
  • FII bought for Rs 212.77Cr while DII sold for Rs 803.39Cr
  • VIX dropped  4.56% to close at 24.91 10 & USD/INR at 75.33
  • IDFCFirst, Nifty, UPL & Cummins sees movements in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11000CE & 10700PE followed by 10800CE & 10600PE
  • DBCorp, AartiInd, KEI, MahaSeamless & Suzlon saw volume spikes of >60%
  • Long Build-up seen in Escorts, MGL, UPL, MuthootFin & UBL Short Build-up seen in SRTRANSFIN, TataChem, CoalIndia, BataIndia & Infratel

Key Triggers:

  • Nifty opened at 10755.55 and kept trading in very narrow range 10760-10800 & day low of 10733 and in last 30mins surged to 10836.85 before closing at 10813.45. It looks like Nifty had formed a temporary Peak at 10850 levels today which was also seen during early March this year & also near the 200DMA of 10884.
  • Europe closed in red with FTSE100, CAC & IBEX losing >1.2% while in the US Nasdaq ended in green with 0.6% gains, while Dow closed 1.4% down.. As of 08:15am Key World indices Futures are trading marginally in red DJIA Futures currently around that 25540 while Nikkei225 up marginally at 22430 & Hang-Seng down at 25970.
  • US Bans entry of 3 senior Chinese officials over Uighur rights
  • Clothing Seller Brooks Brothers files for bankruptcy protection, the 200 year old will close about 25% of its stores
  • India GDP to contract by 3% in FY21 due to pandemic says BofA
  • Reliance – BP JV with RIL 51% & BP 49% in Reliance BP Mobbility Ltd
  • TCS Q1 profit at 70.08bn vs 81.31bn, revenue up by 1.5bn at 383.22. EBITA falls 9.7% & Dollar revenue was down 7.1% QoQ.
  • PNB reports Rs 3688 fraud by DHFL to RBI.
  • DCGI permits 2 vaccines for Covid-19 to go for Phase 1 & Phase 2 clinical trials by Bharat Biotech & Cadilla
  • DrReddy gets USFDA nod for Prasugel Hydrochloride tablets to treat blood clots & AuroPharma gets USFDA nod for Chlorpromazine Hydrochloride injection to treat Schizophrenia

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Market Update

Pre-Market Commentary

09072020 Pre-Market-Update:- Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

> Nifty Watch for the day: Nifty ends 5 day winning streak & has Key Support placed at 10530 & Resistance at 10959.

  • Traders to exercise caution Nifty is likely to open around 10700-10720 and expected to be volatile on account of weekly expiry.
  • SGX Nifty as of 08:30am is trading at around 10725.
  • Nifty range for the day is between 10495- 10995. Tech, Banks with select NBFCs & Energy to be in limelight.
  • BankNifty trade in the broader range of 22394 – 23052.
  • Nifty key Resistances at 10827, 10899, 10958 & 10996, Supports are at 10658, 10588, 10529 & 10495.
  • Key Stocks to watch are AxisBank,  BajFinance, BajFinServ,   Escorts,  HeroMotoCo, IndusInd, M&M, M&MFin, Maruti, Reliance, ShreeCem & SRTRANSFIN, TCS
  • TCS & PNB are out with results today & TCS (Close2218.9) key resistance at 2233, 2241 & 2255, weak below 2199. While PNB (Close 37.3) key resistance at 37.90, 38.3 & 38.9 while Support is at 36.90.
  • FII & DII both turn into selling spree, FII net sell of Rs994.87Cr while DII sold for Rs 853.41Cr
  • VIX surged 3.98% to close at 26.10 & USD/INR at 75.40
  • IDFCFirst, UPL & Petronet sees higher movements in August Contracts
  • Max Index OI seen in Nifty monthly contracts of 11000CE & 10500PE followed by 11200CE & 10200PE
  • Marico, SBILife & Divislab saw high Delivery trades of >60% while Page was up in both price (3.19%) and Delivery of 70%
  • Long Build-up seen in CanBk, TataChem, Sail, Short Build-up seen in BalkrisInd, UPL, REC, TVSMotor & LTHH. 

International Key Triggers:

  • It looks like Nifty had formed a temporary Peak at 10850 levels today which was also seen during early March this year & also near the 200DMA of 10884.
  • Europe closed in red with CAC40 & IBEX losing >1% while US led by Nasdaq ended in green, Brazil gained over 2% yesterday at close. As of 08:15am Key World indices Futures are trading marginally in red DJIA Futures currently around that 25940 while Nikkei225 at 25510 & Hang-Seng at 26180. Global Covid-19 cases crosses 12Mn. DJIA was lifted by Walt Disney,Apple & Microsoft gaining over 2% at close.

Domestic News:

  • Nifty opened above 10818.65 and kept trading in very narrow range with peak at 10847.85 & day low of 10676.55 to end at 10705.75.
  • Nifty Major TCS kick starts the June quarter corporate earnings.  
  • LIC Increases stake in Gail to 7%
  • Government extends deadline for filing EOI till 31st August in Air India as Tata Group is the sole contenders till date.

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