Pre Market Commentary

10032021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: DJIA hits record highs and profit booking was visible while Asia is sideways, though we made a closing comfortably above the 20DMA of 15016 we are still sideways unless we cross and close above Monthly High. Key Support for the day placed at 14791 & Resistance at 15380.

1. Markets as expected opened higher but could not climb comfortably above 15100 till closing session while failed to stay below 15000 even after a sharp drop till 14925.45 and closed at highest point at 15098.4. BankNifty though initially looked little flat bounced from a Low 35544 during afternoon trades to breach 36000 while Pre Market Commentaryclosing at 35865.65.
2. As mentioned since Monday, fresh long positions were re-tested with pressure created in Nifty above 15050 upon res-surge, another closing was made yesterday above previous day closing. We expect sideways markets between 14900 – 15220 till we get clear closings.
   • 25/02/21 `unless we close above 14984 there could be pressure again`
   • Uncertainty is still prevailing in Nifty post Tuesday’s high at 15431.75 while BankNifty looks weakened below 36000 had fallen almost over 2k points from the weekly high made at 37708.75.
3. Yesterday 40 stocks out of Nifty Top 100 stocks closed in Green still keeping the markets in Green till close. Volumes were better in Nifty while BankNifty had flat volumes. FIIs Bought again in Cash while sold in Futures, buying was done by DIIs.
   • 09/02 Nifty as mentioned in previous updates hopped on above the previous day high and made a sharp rally led by BankNifty to go above 15000. Now 14800 – 14790 becomes a sharp Support and 15240 -15260 resistance
   • 05/01 Overall Trend remains bullish unless 13850 is broken on Spot Nifty on closing basis, we can use the downsides to buy-back sold shares from portfolio.
4. Major upside contributions came from HDFCBank, HDFC, ICICIBank, KotakBank and TCS while top 5 gainers were SBILife, KotakBank, HDFCBank, ICICIBank & HDFC with over 2.65% gains.
5. Top draggers were TataSteel, BPCL, TataMotors, PowerGrid and Gail while top 5 losers IndusInd, BPCL, TataSteel, Gail, IOC & PowerGrid with losses >1.85%.
6. BankNifty trade in the broader range of 35118 – 36551 with BankNifty Resistances at 35970, 36110, 36230, 36450 & 36675. Supports at 35690, 35550, 35430, 34215 & 35001
7. Nifty trade in the broader range of 14832 – 15310 with Nifty key Resistance seen at 15168, 15217, 15269, 15349 & 15404. Support Seen at 15049, 14990, 14932, 14882 & 14750
8. SGXNifty as of 07:30am is trading up around 15225
9. AMFI Says, net outflow of Rs4534Cr against Rs9273cr MoM
10. FII Net Sell with ₹ 2801.87cr while DII Buy worth ₹ 1250.22cr.
    • For Mar FII Net Buy ₹ 3507cr while DII net sell ₹ 901cr in equity
    • For Mar FII net Sell ₹ 556cr in Futures & Net Buy ₹ 13339cr in Options
11. Stocks to Watch: ACC, AsianPaint, AxisBank, BajAuto, DivisLab,HCLTech, HDFC,  HDFCBank, ICICIBank, IndusInd, Infy, Reliance, SBILife, TCS & TechM.
12. VIX was down by 8.83% to close at 22.50 while USD-₹ closed lower by 0.56% at 73.1275
13. All Major Indices closed in Green except MidCap, SmallCap and Alpha50 while the upsides were led by Nifty which closed with over 0.95% Gains. Among sectoral indices FinService gained over 2.24% while BankNifty gained over 1.6%. On the losing side Metals lost most with 2.51% followed by Media , Energy & Realty with over 1% Losses
    • 150 Stocks hit fresh 52 week high on Tuesday with ACC, AdaniPower, ADFFoods, Affle, Amber, AmbujaCem, APLApollo, Astral, ATGL, AUBank, BajajHind, BASF, BlueStar, CenturyEnka, CSBBank, DalmiaSug, DMart, EClerx, EquitasBank, GATI, GDL, Grasim, IBRealEst, IDFC, IGPL. IndiaCem, IndiaGly, JamnAut, JindalPoly, JKLakshmi, Kajaria, KSB, MGL, Nocil, OIL, OrchidPhar, PGEL, RamcoCem, RepcoHome, RML, SSWL, UFlex, UltraCemCo, VEDL, while 6 stocks hit 52 week Low.
14. From Nifty500 there were 321 Losers with 4 losing over 5% while 179 gainers with 5 gaining over 5%.
    • Top Gainer was Hathway with 8.21 % gains followed by Network18, CanFinHome, JMFin, SBILife closing with over 5% gains.
    • Top loser was MMTC with 7.96% losses followed by Equitas, Rain, Rain, BEMNL, NMDC, CSBank, NCC, AdaniTrans & Hudco closing with over >4.5% losses.
15. 2028 stocks traded on Yesterday with 533 advances, 1421 declines & 74 unchanged.
16. Network18 saw 26.79x volumes spike while GodrejInd, BPCL, Hathway, TataStlBSL, Indoco, AartiInd, ElgiEquip saw over 5x spike.
17. Long Build-Up seen in GodrejProp, Trent, LTTS, CoForge, LTI & CholaFin while Short Build-Up was seen in BPCL, AUBank, BEL, Havells, DeepakNit, NavinFlu, AshokLey & ConCor.
18. BOB, PNB, Sail & SunTV are in Ban period in FnO segment
19. IDFCBank, GodrejProp, Amaraja, AdaniEnt, AUBank, TataMotors, PNB & BHEL saw action in April Contracts
20. PCR was down to 1.11 from 1.06 & Max pain in March series stuck at 14500 in March series. 10^th Feb 15500CE & 15100CE saw OI spike while 15000PE & 14500PE saw highest change in OI.

Key Triggers:

• Nifty Open – 15049.9, High- 15126.85, Low- 14925.45 & Close- 15098.4. Nifty had closed around 81 points higher than 20dma of 15017 & BankNifty though looked sideways today managed closed around 75 points lower 20DMA of 35941.
• US markets closed in Green led by Nasdaq while gave of gains at close led by DJIA while European markets closed higher Yesterday. Nikkei & ASX are trading flat while HangSeng, Shanghai is in Green. As of 07:30am Key Indices Futures are trading at:- Dow -> flat at 31780 while Nikkei225 is down at 28850 & Hang-Seng at 28800.

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