Market Update

Mkt2Day Nifty Update for 17062021

Nifty Range: 15490 – 16005

Nifty Wednesday Close: 15767.55

Resistance seen at 15807, 15848, 16886, 150925 & 16123

Support Seen at 15728, 15686, 15606, 15530 & 15412

Market Updatte

Nifty Range: 15550 – 16187

Nifty Tuesday Close: 15869.25

Resistance seen at 15909, 15948, 16028, 15109 & 16266

Support Seen at 15788, 15710, 15630, 15590 & 15471

Pre Market Commentary

08062021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Markets are expected remained choppy as long as it holds on to 15660 – 15670 levels. While it was a silent Monday we expect Tuesday to erode off some premium with swing trades with Critical resistance placed at 16006& support at 15464. Remain low profile till range breach happens. US to send Coivid-19 vaccines to other countries as early as Thursday.

• Markets are always `Supreme`, VIX was very flat and moved narrow between 14.74 and 15.94 and managed to close higher at 15.57.  Markets opened flat for most day 15680 – 15720 for the 1^st half and then went up till 15773 before closing at 15751.65.  Yesterday Nifty Spot 15751.65 while Future 15781.65 (32.1)
• BankNifty today opened above 35450 and managed to stay above the previous closing of 35290 and managed to close at 35443.65 while BankNifty had remained flattish range bound for most part of the day again between 35330 – 35540 during most part of the session and during closing broke the 35500 barrier to hit close at 35443.65. PNB, FedBk, SBI were pulling down while AUBank, BandhanBank, IndusInd, AxisBank & iDFCFirst pushed the BankNifty up with over 1%.gains. Yesterday BankNifty Spot closed at 35443.65 while Future 3598.05 (154.4 points)
• Yesterday 63 stocks out of Nifty Top 100 stocks closed in Green and kept the markets higher at close. Though Volumes were lower on Nifty and BankNifty on Friday, FIIs were net buyers in Cash & Options sold in Future, DIIs were buyers in Cash.
• Major upside contributions came from Reliance, TCS, ICICIBank, AdaniPorts and PowerGrid, while the top gainers were AdaniPorts, PowerGrid, NTPC, TataMotors and UltraCemco with around 2.5% gains.
• Top draggers were BajFinance, HDFC, BajFinServ, JSWSteel and SBI while top losers were BajFinance, BajFinServ, HDFC, DivisLab and Cipla with over 0.745% losses.
• SGXNifty as of 08:00am is trading lower around 15800
• Nifty to trade in the broader range of 15464 – 16006 with Nifty key Resistance seen at 15796, 15857, 15910, 156051 & 16105. Support Seen at 15672, 15610, 15560, 15507 & 15396.
• BankNifty to trade in the broader range of 34738 – 36156 with BankNifty Resistances at 35719, 35838, 15957, 36056, & 36276. Supports at 35304, 35165, 35049, 34931, 34834 & 34622.News
  • FII Net Sell with ₹ 186.46Cr while DII Buy worth ₹ 983.97cr.
  • For June FII Net Sell ₹186cr while DII net Buy ₹ 1Cr in equity
  • For June FII net Sell ₹ 19936cr in Futures & Net Sell ₹ 3466cr in Options
• Stocks to Watch:  AsianPaint, AxisBank, BajajAuto. BHEL, HDFC, HDFCBank, HDFCLife, ICICIBank, IndusInd, IRCTC, KotakBank, Reliance, SRTRANSFIN, TCS, TorntPharm, TornPower, UltraCemCo.
• VIX moved down by 2.32% to close at 15.57 while USD-₹ closed lower by 0.17% at 73.2375
• Among Indices Smallcap & MidCap led the rally with over 1% gains while all other indices managed to close in Green. Among Sectoral Indices Energy led the rally followed by Media and IT led the rally with over 1% gains while Metals lost over 0.4% followed by Realty.
  • 266 Stocks hit fresh 52 week high yesterday including IRCTCC, TorntPower, TataPower, BHEL, NTPC, Gail, GujGas, MFSL, AmbujaCcem, NAMIndia, TataConsum, ACC, UPL, PEL, Wipro, ConCor, HPCL, UBL, ICICIPru, CoForge, Titan, IOC, Indigo, BharatForg, Grasim, ONGCC, Divislab while 6 stocks hit 52 week Low.
• From Nifty500 we had 341 gainers with 37 gaining over 3% while 159 losers with 8 losing over 3%
  • Top Gainer was Mazdock with 14.2% gains followed by AngelBrkg, Metropolis, IOB, GRSE,  HemiProp, Vakrangee, YesBk, IRCTC, Radico, Castrol, CAMS, TriTurbine, PhilipCarb, CentralBk, Thyrocare, TtataComm, Cera, SunClayLtd, TorntPower, DCMShriram, GEPIL, Sequent, VBL, CESC, BalramCchin, Rites,, RajeshExpo, JKLakshmi, PolyPlex, Welcorp, AdaniPort, HEG, BurgerKing,  DCal, BalmLawrire, Edelweiss, PNBhsg, Trident and IIFFL closing with gains over 5%
  • Top Loser was Varroc with 11.42% Losses followed by IOLCP, NMDC, IBHsgFin, with over 5% losses
• 2116 stocks traded Yesterday with 1409 advances, 637 declines & 70 unchanged.
• BurgerKing saw 135x volumes spike while AartiInd, Network18, TataComm, Cera, GulfOil, EIDParry, MOIL, BalmLawrire, TorntPower, CESC, MRF, Thyrocare & IOB saw over 5x spike.
• Long Buildup seen in IRCTC, SrtRansFin, TorntPower, BataIndia, BHEL, Muthoot, NTPC, UBL, IndusInd and Mphasis while Short Buildup seen in MRF, NMDC, AdaniEnt.
• IBHsg, PNB, Sail & SunTV are in FnO Ban List
• PCR moved down to 1.41 from 1.30 & Max pain in June series stuck at 15500. 24^th June 16000CE & 16200CE saw OI spike while 15200PE & 15000PE saw highsest change in OI.

Key Triggers:

• Nifty Open – 15725.1, High- 15773.45, Low- 156678.1 & Close- 15751.65. Nifty had closed around 560 points higher than 20dma of 15189 & BankNifty though looked little weaker during the day’s trade had ended around 1220 points higher20DMA of 34220.
• US closed lower except Nasdaq & European markets closed mixed on Monday while Asia has opened Strongly. As of 08:00 am Key Indices Futures are trading at:- Dow -> up at 34600 while Nikkei225 lower at 29000 & Hang-Seng trading lower at 28700.

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

Pre Market Commentary

12052021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Inflation worries pull markets lower globally, Gpay Users from US can transfer funds to India and Singapore. VIX fell sharply and closed at 19.83 yesterday, Expiry day pressure to add on domestic markets. Key Support for the day placed at 14546 & Resistance placed at 15150.

• Markets are always `Supreme`, Nifty opened below 14800 but immediately  moved above 14800 and in the noon session went till 14900 and traded between 14780 – 14800 before last hour rally took up till 14870 before closing at 14823.15. Being expiry tomorrow we expect markets with VIX below 20 to erode off premiums till the day`s low/high is breached.  Yesterday Nifty Spot 14850.75 while Future 14874.55 (+24.25) while on Monday Nifty Spot 14942.35 while Future 14992 (+51.55)
• BankNifty today opened below 32650 went down till 32611.7 during the early trades and a sharp rally in the fore-noon session took a low at 33154.3 stayed between 32800 – 32960 before closing at 32872.2, KotakBank, BandhanBk & PNB kept putting pressure on the other side to keep markets under check. Yesterday BankNifty Spot closed at 32872.2 while Future 32928.8 (56.55 points), while on Monday BankNifty Spot closed 33142.4 while Future 33343.35 (200.95 points),
• Yesterday 52 stocks out of Nifty Top 100 stocks closed in Red and kept the markets under Check till close. Volumes were much lower on Nifty and BankNifty yesterday, while FIIs were net Sellers in Cash & Futures, bought in Options, DIIs were buying in Cash.
• Major upside contributions came from NTPC, Reliance, CoalIndia, ONGC and Gail while the top gainers were CoalIndia, NTPC, IOC, ONGC and BPCL with over 1.8% gains.
• Top draggers were HDFC, KotakBank, HDFCBank, Infy and JSWSteel while top 5 losers JSWSteel, Hindalco, KotakBank, HDFC and DivisLab with around 1.5% losses.
• SGXNifty as of 08:00am is trading flat around 14830
• BankNifty to trade in the broader range of 32225 – 33541 with BankNifty Resistances at 33008, 33136, 33356, 32449 & 33655. Supports at 32781, 32622, 32514, 32316 & 32050.
• Nifty to trade in the broader range of 14546 – 15140 with Nifty key Resistance seen at 14898, 14957, 15056, 15098 & 15190. Support Seen at 14782, 14725, 14675, 14626 & 14498.
• NewsOPEC increases global demand for Crude by 200000bpd for 202130^th April India Conducted highest ever Covid tests with 19,45,299 Siemens posted cons profit of ₹ 3.34bn against of ₹ 1.76bn. Cons Revenue stood at to ₹ 34.84bn against ₹ 26.4bn. Gpay Users from US can send money to Gpay users in India & Singapore due to integration with Western Union & WISE
• FII Net Sell with ₹ 336.0cr while DII Buy worth ₹ 676.67cr.

• For May FII Net Sell ₹ 4844cr while DII net Buy ₹ 982cr in equity
  • For May FII net Sell ₹ 2625cr in Futures & Net Buy ₹ 3790cr in Options

• Stocks to Watch:  ACC, AsianPaint, AxisBank, BalkrishInd, CoForge, Concor, Eicher, HDFC, HDFCBank, HeroMotoCo, HindPetro, ICICIBank, Reliance, SBIN, Siemens, TataSteel, TCS, UltraCemCo, UPL & Voltas.
• VIX moved down by 1.98% to close at 19.83 while USD-₹ closed lower by 0.09% at 73.9125
• Among Indices Nifty dragged down while Midcap & Small-cap gained over 0.75%. On the Sectoral Indices Energy led with 1.7% gains while PSUBank & Media shined with over 0.75%. FInService lost over 1.29% followed by Metals & BankNifty with over 0.75% on the sectoral index.
  • 201 Stocks hit fresh 52 week high yesterday including AdaniEnt, AdaniTrans, AgeisChem, AlkylAmine, Amrutanjan, ATGL, AuroPharma, BalkrishInd, BanariSug, BharatRas, BHEL, Cadilla, DalBharat, DalmiaSug, DeepakNtr, DhampurSug, EIDparry, FairChem, Fortis, GAEL, Gail, Gland, Glenmark, GNFC, Grindwell, GSFC, HarraMalyala, Hikal, HindCopper, HindOil, HindPetro, JSWEnergy,JublIngrea, KCP, KSCL, Lupin, Marico, MMTC, Mastek, MotilalOFS, MRPL, NHPC, Nilkamal, NLCIndia, NOCIL, OFSS, Persistant, PrajInd, PunjabChem, RKForge, SagCem, Saregama, Solara, Sparc, Subex, SunPharma, TataCoffee, TataMtrDVR, TataSteel, TataStlBSL, TorntPower, UPL & Wockhard while 8 stocks hit 52 week Low including Suryoday.
• From Nifty500 we had 287 gainers with 33 gaining over 5% while 213 losers with 13 losing over 3%
  • Top Gainer was NLCIndia with 18.8% gains followed by KSCL, MMTC, BHEL, Grindwell, Trident, Suzlon, Spicejet, Schneider, ValiantORG, SudarsChem, AngelBrkg, BalmLawrie, GNGC, InfiBeam, MRPL, HFCL, NHPC, DCBBank. IngerRand, LemonTree, CoForge, BDL, GAEL, CoalIndia, BEML, ConCor, BharatRas, BirlaCorp, Venkeys, Astral, NBCC & KRBL closing with gains over 5%
  • Top Loser was Intellect with 7.99% Losses followed by IndiaMart, JSL,m SunClayLtd, JTektIndia & Sail with over 4% losses
• 2026 stocks traded Yesterday with 1178 advances, 774 declines & 74 unchanged.
• Burger saw 57.6x volumes spike while NLCIndia, AartiInd, Chambal, Suzlon, NHPC, BalmLawrie, Network18, SJVN, IngerRand, Gridnwell, Schneider, BEML, EngineersIn, KSCL, Concor saw over 5x spike.
• Long Buildup seen in Voltas, CoalIndia, Siemens, TataChem, ConCor, IOC, BHEL, BEL, PowerGrid, CanBk, PFC, Gail, IGL, Havells, NTPC, Bosch, RECLtd & SunPharma while Short Build-up seen Cummins, LTI, RamcoCem, NavinFluor, Naukri, HDFCLife, GujGas & MMFin .
• ITC, PNB, Sail, NationAlum, TataChem & Britannia Seeing interest into June Series, while NationAlum, PNB & SunTV are in Ban List
• PCR moved down to 1.27 from 1.38, & Max pain in May series stuck at 14700. 12^th May 15000CE & 15100CE saw OI spike while 14800PE & 14500PE saw highest change in OI.

Key Triggers:

• Nifty Open – 14789.7, High- 14900.00, Low- 14771.4 & Close- 14850.75. Nifty had closed around 248 points higher than 20dma of 14602 & BankNifty though looked little stronger during the day’s trade had ended around 795 points higher20DMA of 32347.
• US & European markets closed in Red yesterday while Asia has opened mixed. As of 08:00 am Key Indices Futures are trading at:- Dow -> up at 34070 while Nikkei225 Up at 28400 & Hang-Seng trading lower at 27900.

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

Market Update

Mkt2Day Nifty Update for 05052021

Nifty Range: 14278 – 14714

Nifty Tuesday Close: 14496.5

Resistance seen at 14568, 14606, 14642, 14678 & 14787

Support Seen at 14460, 14423, 14386, 14350 & 14206

Pre Market Commentary

28042021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: US, EU plans to support India with Vaccines & other medical aids, China Opens up to support ASEAN countries with Medical Aid, Covid-19 infections in India again above 0.35mn at world`s record high, Bulls again challenged the Bears yesterday amidst expiry week. VIX had cooled off below 22 yesterday Key Support for the day placed at 14350 & Resistance placed at 14896.

• Markets are always `Supreme`, we opened flat and then broke the previous day high at 10 am and rose steadily with BankNifty around in fore-noon session hit high of 14667.55 before closing at 14653.05. Yesterday Nifty Spot 14653.05 while Future 14645.05 (-7.9) while on Monday Nifty Spot 14485 while Future 14487.2 (+2.2)
  • As mentioned in past Nifty will be under pressure if breaches 14118-14120 and if we do not close above 14690 there can’t be fresh buying support.
• BankNifty opened above 32200 and made steady moves with support from SBI, HDFCBank to breach 32800 in 2^nd half before closing at 32735.35. Today BankNifty Spot closed at 327335.35 while Future 32767 (+29.65 points), while on Monday BankNifty Spot closed at 32275.15 while Future 32290.15 (-15 points).
  • Ever Since BankNifty failed to trade beyond 32300 it shows further weakness, the view of BankNifty was if trades above 32320 should do 32750 and higher while trades below 30535 we should see some sharp moves till 30007 – 29880.
• Yesterday 79 stocks out of Nifty Top 100 stocks closed in Green and kept the markets higher at close. Volumes were lower in both Nifty and BankNifty yesterday, while FIIs were net sellers in Cash while bought in Options & Futures, DIIs are net buyers in Cash.
• Major upside contributions came from Reliance, HDFCBank, LT, ICICIBank and BajFinance while top gainers were Hindalco, TataSteel, LT, DivisLab and BajFinance with over 3.15% gains.
• Top draggers were KotakBank, Maruti, Nestle, Britannia AxisBank and M&M while top 5 losers HDFCLife, SBILife, Maruti, NTPC and Nestle with around 0.47% losses.
• SGXNifty as of 07:45am is trading flat around 14666
• BankNifty trade in the broader range of 32203 – 33221 with BankNifty Resistances at 32820, 32930, 33038, 33129 & 33391. Supports at 32565, 32436, 32308, 32096 & 31810.
• Nifty trade in the broader range of 14350 – 14896 with Nifty key Resistance seen at 14716, 14765, 14814, 14856 & 14945. Support Seen at 14600, 14546, 14487, 14438 & 14310.
  • UBL Posted lower than estimated profits with cons Net at Rs 971.4mn and revenues of Rs 36.18bn
  • TVSMotor Posted higher than estimated profits with cons net at 3.1bn and revenues of Rs 61.32bn
  • Britannia Posted lower than estimated profits with cons net at 3.64bn and revenues of Rs 31.3bn
  • BajFinance Posted in line with estimated profits with cons net at 13.47bn and revenues of Rs 68.51bn. AUM at Rs 1.53tn & CAR at 28.4%. Declared dividend of Rs.10/share
  • AxisBank Posted higher than expected profits with SL net at 26.77bn and Interest Income of Rs 155.45bn. GNPA at Rs 3.7 and NNPA at 3.7%
  • Maruti Posted a lower than estimated profits with cons net at 11. 7bn and revenues of Rs 240.2bn. Declared dividend of Rs.45/share
• FII Net Sell with ₹ 1454.75cr while DII Buy worth ₹ 1463.44cr.
  • For April FII Net Sell ₹ 10803cr while DII net Buy ₹10175cr in equity
  • For Apr FII net Buy ₹ 4173cr in Futures & Net Buy ₹ 28847cr in Options
• Stocks to Watch: AartiInd, ACC, AsianPaint, AxisBank, BajFinServ, DeepakNtr, DivisLab, DrReddy, HDFC, HDFCBank, HUL, ICICIBank, Indigo,KotakBank, LT, NavinFluor, Reliance, SBILife, TataChem, TataSteel, TCS, TVSMotor, UBL, UltraCemco & Voltas.
• VIX was down by 1. 97% to close at 23.08 while USD-₹ closed lower by 0.22% at 74.6475
• SmallCap, Mid-Cap closed with over 1.5% gains while on the Sectoral Indices Metals closed with around 2.7% Gains while PSUBank, Media, BankNifty & Energy, FinService closed over 1%.
  • 97 Stocks hit fresh 52 week high yesterday including AartiInd, AGCNet, AlkylAmine, Aparind, Atul, BalAmines, BalPharma, Cams, CDSL, DalmiaSug, DeepakNit, DivisLab, EKC, FluoroChem, GDL, GNFC, Goodluck, GPIL, Greenply, Hikal, HIL, JindalStel, JSLHisar, JSWEnergy, JSWSteel, JublInds, KPRMill, KSL, Lodha, Mastek, NavinFluor, NMDC, OrientRef, Polycab, Rain, SAIl, SRF, STRTech, SudarsChem, SupPetro, TastyBite, TataSteel, TataStlBSL, Thermax, VinatiOrg while 8 stocks hit 52 week Low including KalyanJil.
• From Nifty500 we had 376 gainers with 26 gaining over 5% while 124 losers with 5 losing over 3%
  • Top Gainer was AlkylAmine with 20% gains followed by BalAmine, SudarsChem, GNFC, FluorChem, HindCopper, DeepakNtr, MMTC, LAOpala, BharatRas, NavinFluor, Symphony, HFCL, CDSL, sci, mAHINDcie, Ujjivan, SundarmFin, NFL, Welcorp, Cams, Graphite, Radico, NationAlum, Hindalco & IIFL closing with gains over 5%
  • Top Loser was AlokInd with 12.99% Losses followed by HDFCLife with over 3.5% losses
• 2249 stocks traded on Yesterday with 1325 advances, 548 declines & 376 unchanged.
• AartiInd saw 28.35x volumes spike while SudarasChem, BharatRas, TataStlBsl BalAmines, AlkylAmine, LuxInd, GNFC, JyothyLab, Network18, LaOpala, DeepakNtr, SundarmFin & HindZinc saw over 5x spike.
• Long Buildup seen in NavinFluor, TataPower, BOB, PNB & FedBk while Short Build-up seen in Sail.
• Sail is in FnO Ban List
• AdaniPorts, LT, SunPharma, Sail, Grasim, AartiInd saw higher activities into May Series
  • Nifty Rollovers moved by 10% at 34.7% with Roll-Over Cost at 51.80
  • BankNifty Rollovers moved by 14% at 28.05% with Roll-Over Cost at 115.95
• PCR moved up to 1.51 from 1.3 & Max pain in April series moved to 14600 from 14500. 29^th April 15000CE & 14800CE saw OI spike while 14000PE & 14500PE saw highest change in OI.

Key Triggers:

• Nifty Open – 14493.8, High- 14667.55, Low- 14484.85 & Close- 14653.05. Nifty had closed around 71 points Lower than 20dma of 14582 & BankNifty though looked sideways stronger during the day’s trade had ended around 324 points lower 20DMA of 32411.
• US markets closed in Red except DJIA, European markets closed mixed yesterday. Asia is trading Mixed with Nikkei, Hang- Seng & ASX in Green while Shanghai in Red. As of 07:45 am Key Indices Futures are trading at:- Dow -> at 33830 while Nikkei225 down at 29100 & Hang-Seng Up trading at 28810.

We are not SEBI Registered advisors, refer disclaimer. For more share market tips, ideas, updates, stock recommendations follow our Twitter, FB, Telegram and Website.

Market Update

Mkt2Day Nifty Update for 13042021

Nifty Range: 14024 – 14598

Nifty Monday Close: 14310.8

Resistance seen at 14383, 14419, 14454, 14526 & 14668

Support Seen at 14238, 14166, 14130, 14096 & 13953

Pre Market Commentary

13042021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Asian Futures suggests a mixed opening, TCS reports Q4 Cons Net Profit of Rs 92.46bn. As more businesses could get locked down sentiment will only get worse, From Nifty500 we had 16 gainers with 4 gaining over 3% while 484 losers with 240 losing over 5%. DCGA approves Emergency Use of Russian Sputnik V vaccine.  Expecting some volatility still Key Support for the day placed at 14118 & Resistance placed at 14654.

• Markets as we mention are always `Supreme`, we opened lower on Covid-19 infection rise below recent low and failed to stay above 14500 making multiple attempts post initial trades till 14520 and then fell with BankNifty to a low till 14248 during 2^nd half trades before closing at 14310.8. Nifty will be under pressure if breaches 14118-14120 and if we do not close above 14690 there can’t be fresh buying support.
  • 05-04: As told on Thursday unless Nifty failed to move past 14870-14880 we won’t be able to see fresh buying support & only If Nifty closes above 14715 we should do 14840 – 14865.
• BankNifty looked weaker since opening could not cross above 31750 and further selling in markets that look till 30520. Ever Since BankNifty broke 31000 it further weakened and managed to settle at 30792.  BankNifty was if trades below 30535 we should see some sharp moves till 30007 – 29880.
  • 24-03: BankNifty had punched low below 33220, we should see some serious selling pressure if trades below. BankNifty should be pulling markets below 32750 while sharp upsides can be visible above 33751
  • 22-03-21:- BankNifty should be pulling markets below 33220 while sharp upsides can be visible above 34203
• Yesterday 96 stocks out of Nifty Top 100 stocks closed in Red and kept the markets in Red at close. Volumes were higher yesterday on Nifty and BankNifty, while FIIs sold in Cash & Futures and bought in Options while, DIIs are net sellers in Cash.
• Major upside contributions came from DrReddy, Cipla and Britannia while top gainers were DrReddy, Cipla, DivisLab and Britannia with over 0.4% gains.
• Top draggers were HDFCBank, Reliance, ICICIBank, HDFC and BajFinance while top 5 losers TataMotors, AdaniPorts, IndusInd, BajFinance and UPL with around 7% losses.
• DrReddy said Sputnik V will be a 2 dose vaccine administered in a gap of 14days
• Adani Ports will be removed from DJIA Sustainability index from 15th April due to its relationship with Myanmar Military
• TCS reported a Q4 net profit of Rs 92.46bn against Rs 80.49bn. Revenues at Rs 437.05bn against Rs 399.46bn. Final Dividend of Rs 15/share
• BankNifty trade in the broader range of 30388 – 31626 with BankNifty Resistances at 31004, 31125, 31245, 31452 & 31730. Supports at 30760, 30556, 30472, 30286 & 30021.
• Nifty trade in the broader range of 14118 – 14654 with Nifty key Resistance seen at 14404, 14461, 14516, 14612 & 14694. Support Seen at 14290, 14244, 14196, 14070 & 14024
• SGXNifty as of 07:45am is trading down around 14370
• FII Net Sell with ₹ 1746.43cr while DII Buy worth ₹ 232.76cr.
  • For April FII Net Sell ₹ 3936cr while DII net Buy ₹1090cr in equity
  • For Apr FII net Sell ₹ 3517cr in Futures & Net Buy ₹ 12601cr in Options
• Stocks to Watch: ACC, AsianPaint, AxisBank, Airtel, BPCL, DivisLab, DrReddy, Escorts, HCLTech, HDFC, HDFCBank, HerroMotoCo, Hindalco, IBHsgFin, ICICIBank, LalPathLab, Reliance, UPL & UltraCemCo.
• VIX was up own by 16.22% to close at 23.00 while USD-₹ closed higher by 0.29% at 75.2050
• MidCap,  SmallCap & Alpha50 managed to slide yesterday with over 5% losses. On the Sectoral Indices PSUBank led the fall with over 9% losses followed by Media & Realty with over 7.5% losses.
  • 57 Stocks hit fresh 52 week high yesterday including Cadila, Cipla, CoForge, EClerx, GujAlkali, KSB, LalPath, Metropolis, Mindtree, Mphasis, NeulandLab, RatnaMani, SakSoft, SupPetro while 27 stocks hit 52 week Low including HomeFirst & Suryoday.
• From Nifty500 we had 16 gainers with 4 gaining over 3% while 484 losers with 240 losing over 5%
  • Top Gainer was LalPathLab with over 6.36% gains followed by DrReddy & Solara closing with gains over 4%
  • Top Loser was Graphite with 13.16% Losses followed by BHEL, IBHsgFin, Zee, DLF, SRTRANSFIN, NBCC, TataPower, M&MFin, IndianBank, CanBk, BoB, RBLBank, AdaniEnt, BankIndia, Rain, IndiaCem, PNB, Sail, Sobha, JSL, IOB & HEG with over 10% losses
• 2064 stocks traded on Yesterday with 227 advances, 1780 declines & 57 unchanged.
• TataStlBSL saw 14.58x volumes spike while AartiInd, GujAlkali, Hatsun, Cipla, Brigade, TTkPrestig, Cadila & TataComm saw over 5x spike.
• Long Buildup seen in DrReddy, Cipla, LalPathLab & Pfizer while Short Build-up seen in Mindtree, MGL, CholaFin, Eicher, SrtRansFin, Lupin, ApolloHosp, Indigo and BajFinance.  
• Sail is in FnO Ban List
• PCR was up at 0.89 from 1.29 & Max pain in April series moved to 14600 from 14700. 15^th April 14900CE & 14500CE saw OI spike while 14000PE & 14300PE saw highest change in OI.

Key Triggers:

• Nifty Open – 14644.65, High- 14652.5, Low- 14248.7 & Close- 14310.8. Nifty had closed around 420 points Lower than 20dma of 14720 & BankNifty though looked sideways weaker during the day’s trade had ended around 2726 points lower 20DMA of 33518.
• US markets closed in Red with Nasdaq leading, European markets closed mixed on Monday. Asia is trading in Green with Nikkei, Shanghai, ASX & Hang-Seng in Green. As of 07:45am Key Indices Futures are trading at:- Dow -> at 33640 while Nikkei225 down at 29850 & Hang-Seng trading at 28720.

We are not SEBI Registered advisors, refer disclaimer. For more share market tips, ideas, updates, stock recommendations follow our Twitter, FB, Telegram and Website.

Pre Market Commentary

05042021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Most Asian & European markets are celebrating Easter holidays, Asian Futures suggests a higher opening; As mentioned on Thursday Nifty has to stay above 14870 on closing basis for continued uptrend. Expect Volatile Markets since most Asia is closed on long weekend. Key Support for the day placed at 14521 & Resistance placed at 15113.

• Markets as we mention are always `Supreme`, we opened higher than Wednesday`s closing along with International markets and made a initial intraday low till 14692 and made multiple attempts till 2^nd half till 14883 and then made a strong closing at 14867.3. Since Nifty managed to move past 14870-14880 on Friday shorts were kept under check and since it was a long weekend traders covered their positions. If Nifty closes above 14965 we should do 15036 – 15115.
• BankNifty looked weaker again due to HDFC Brothers since early trades again broke 33250 multiple times made a low till 33208.75 and then made a sharp move till 33949 before closing at 33858. As mentioned on 24-03, BankNifty was having selling pressure below 33546 again on Thursday. If trades above 34460 we should see some sharp moves till 34700 – 34900.
  • 24-03: BankNifty had punched low below 33220, we should see some serious selling pressure if trades below. BankNifty should be pulling markets below 32750 while sharp upsides can be visible above 33751
  • 22-03-21:- BankNifty should be pulling markets below 33220 while sharp upsides can be visible above 34203
• Yesterday 82 stocks out of Nifty Top 100 stocks closed in Green and kept the markets higher above 14850 at close. Volumes were flat on Thursday on both Nifty and BankNifty, while FIIs bought light in Cash, were net positive in Futures while sold in Options, DIIs were net Sellers.
• Major upside contributions came from ICICIBank, KotakBank, Infy, Reliance and HDFC while top gainers were JSWSteel, Hindalco, TataSteel, AdaniPort and indusInd with over 4.0% gains.
• Top draggers were HUL, HDFCLife, Nestle, HDFCBank and TCS while top 5 losers HDFC, HDFCBank, PowerGrid, TechM and CoalIndia with over 1.96% losses.
• BankNifty trade in the broader range of 33094– 34460 with BankNifty Resistances at 33935, 34050, 34160, 34350 & 34705. Supports at 33670, 33540, 33405, 33186 & 32841.
• Nifty trade in the broader range of 14521 – 15113 with Nifty key Resistance seen at 14930, 14980, 15030, 15072 & 15201. Support Seen at 14754, 14698, 14648, 14601 & 14470.
• SGXNifty as of 07:45am is trading down around 14920
• FII Net Buy with ₹ 149.41cr while DII Sell worth ₹ 296.84cr.
  • For Mar FII Net Buy ₹ 1245cr while DII net buy ₹5204cr in equity
  • For Mar FII net Buy  ₹ 4679cr in Futures & Net Buy ₹ 44115cr in Options
• Stocks to Watch:  ACC, AdaniPorts, ApolloHosp, AsianPaint, AxisBank, BajFinServ, Eicher, HeroMotoCo, Hindalco, HUL, ICiCIBank, IndusInd, JindalStel, HSWSteel, KotakBank, M&M, Reliance, SRF, SRTRANSFIN, TataSteel, TorntPharm, UltraCemCo & UPL.
• VIX was down by 3.2% to close at 19.99 while USD-₹ closed lower by 0.45% at 73.4150
• NiftyAlpha led the upside yesterday with over 2.8% gains followed by Mid & Small Cap. On the Sectoral Indices Metals led the upside with over 5% Gains PSUBank & Media were up over 2%.
  • 82 Stocks hit fresh 52 week high yesterday including 3MIndia, AdaniTrans, ADFFood, AGCNet, AmbujaCem, AssalCBR, ATGL, BirlaCorp, CanFInHome, CoForge, Cummins, DeepakNit, EClerx, GPIL, Grasim, Graphite, HappstMind, HGS, HiTech, Intellect, JindalStel, JSWEnergy, JSWSteel, KirlosBros, KSB, KSL, MaxHealth, OrchidPhar, PrsmJohnsn, Sail, Saregama, ShreeCem, SundrmFast, TataSteel, TataStlBSL, UPL, VEDL, VGuard, VTL while 16 stocks hit 52 week Low including FRetail.
• From Nifty500 we had 392 gainers with 46 gaining over 5% while 108 losers with 6 losing over 3%
  • Top Gainer was AstraZen with over 13.9% gains followed by CapliPoint, DishTV, ATGL, HappsMind, AdaniTrans, FConsumer, MMTC, JKTyre, RespoInd, IBRealEst, Graphite, NationAlum, JSWSteel, Midhani, Idea and SWSolar closing with gains over 8%
  • Top Loser was APLApollo with 5.29% Losses followed by Brigade, MetroPolis, Redington & Gillette with over 3.5% losses
• 2002 stocks traded on Yesterday with 1593 advances, 353 declines & 56 unchanged.
• AartiInd saw 16.73x volumes spike while TataStlBSL, CapliPOint, AstraZen, TataComm, VMart and  VTL, saw over 5x spike.
• Long Buildup seen in TataChem, TataSteel, Zee, UPL, TataPower, TataMotor & TataConsum, Nalco, JindalStel, SRF, Idea & Hindalco while Short Build-up seen in BalkrishInd, DivisLab, HUL, GodrejProp, GodrejCP.  
• Sail  is in FnO Ban List
• PCR was up to 1.36 from 1.10 & Max pain in April series stuck at 14700. 01^st April 15000CE & 15500CE saw OI spike while 14700PE & 14800PE saw highest change in OI.

Key Triggers:

• Nifty Open – 14798.4, High- 14883.2, Low- 14692.45 & Close- 14867.35. Nifty had closed around 30 points lower than 20dma of 14836 & BankNifty though looked little weaker during early trades had ended around 675 points lower 20DMA of 34532.
• US markets closed higher with Nasdaq leading the pack, European markets also closed in Green on Thursday. Holiday filled Asia is trading muted with Nikkei up over 0.5% in green. As of 07:45am Key Indices Futures are trading at:- Dow -> up at 33240 while Nikkei225 up at 30070 & Hang-Seng up at 28940.

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Market Update

Nifty Range: 14341- 14746

Nifty Wednesday Close: 14564.85

Resistance seen at 14601, 14638, 14710 14782 & 14856

Support Seen at 14525, 14490, 14416, 14380 & 14270