09062021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.
Nifty Watch for the day: Markets as expected remained choppy as it held on to 15660 – 15670 levels. While it was again a silent Tuesday eroding off some premium. A Delayed Action means larger damage. With Critical resistance placed at 16050& support at 15462. Remain low profile till range breach happens. Among Sectoral Indices IT led the rally with over 1% gains followed by Pharma, Realty, Media & FMCG rally with over 0.75% gains while PSUBank lost over 1.45% followed by Metal & BankNifty with over 1% losses.
- Markets are always `Supreme`, VIX was very flat and moved narrow to close lower at 15.23. Markets as usual opened higher broke previous day closing and moved lower to hit the lowest point of the 1st session at 15680 and managed to reclaim 15700 and for most day stayed within 15700 – 15740 before attempting once to hit a high of 15758.35 during late session before closing at 15740.1. As expected it was a premium eating day where both CE & PE Buyers struggled to make a small scalps. Yesterday Nifty Spot 15740.10 while Future 15764.05(23.95)
- BankNifty today opened just around previous day closing at 35433 and failed to trade beyond 35450 and dragged down till 34962 before closing at 35085. While BankNifty had remained flattish range bound for most part of the day between 35000–35200 during most part of the session. IDFCFirst, PNB, FedBk, AUBank, Kotakbank, SBI, HDFCBank, BandhanBk were pulling down with over 1%. losses. Yesterday BankNifty Spot closed at 35085.3 while Future 35279 (+193.7 points)
- Yesterday 54 stocks out of Nifty Top 100 stocks closed in Green and kept the markets flat till close. Though Volumes were Flat on Nifty and BankNifty on Friday, FIIs were net buyers in Cash & Options sold in Future, DIIs were Sellers in Cash.
- Major upside contributions came from Reliance, TCS, Innfy, Airtel, ITC, HCLTech and TCS, while the top gainers were TataMotors, TechM, Airtel, IOC and HCLTech with around 1.8% gains.
- Top draggers were BajFinance, HDFCBank, HDFC, Reliance, ICICIBank and Kotakbank while top losers were Hindalco, TataStteel, JSWSteel, KotakBank and HDFC with over 1.1% losses.
- SGXNifty as of 08:00am is trading flat around 15760
- Pfizer to enroll about 4500 children across US, Europe & 90 clinical sites between age group of 6months to 11years
- 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 Buy with ₹ 1422.71Cr while DII Sell worth ₹ 1626.98cr.
- For June FII Net Buy ₹4286cr while DII net Sell ₹ 1624Cr in equity
- For June FII net Sell ₹ 2176cr in Futures & Net Sell ₹ 902cr in Options
- Stocks to Watch: AsianPaint, AxisBank, Berger. Britannia, DeepakNtr, FrReddy, HDFC, HDFCBank, HeroMotoCo, HUL, ICICIBank, LTI, MFSL, NavinFluor, PEL, Pfizer, PIInd, ShreeCem, SRF, SunPharma, TataMotor, TechM, Titan & UltraCemCo.
- VIX moved down by 2.18% to close at 15.23 while USD-₹ closed higher by 0.07% at 73.2625
- Among Indices Nifty-50 & Nifty-100 closed close in red while all orhter indices closed in green led by Alpha-50 with over 1% gains. Among Sectoral Indices IT led the rally with over 1% gains followed by Pharma, Realty, Media & FMCG rally with over 0.75% gains while PSUBank lost over 1.45% followed by Metal & BankNifty with over 1% losses.
- 262 Stocks hit fresh 52 week high yesterday including ACC, BalkrishInd, BPCL, CoForge, HindPetro, ICICIPruLi, IRCTC, IOC, MFSL, Mindtree, NTpC, PEL, PIInd, SRF, TataPower, Titan, TataConsum, TorntPower, UBL, IPL, Wipro, while 2 stocks hit 52 week Low.
- From Nifty500 we had 258 gainers with17 gaining over 5% while 242 losers with 12 losing over 3%
- Top Gainer was PEL with 10.5% gains followed by ICIL, Sparc, Bsoft, CenturyTex, Indoco, ZensarTech, LaurusLabs, NavinFluor, HSCL, HFCL, Crisil, GreavesCot, Quess, cStar, GPPL, ValiantOrg losing with gains over 5%
- Top Loser was MahaBank with 7.85% Losses followed by IBrealest, Spandana, Suzlon, with over 4% losses
- 2254 stocks traded Yesterday with 1051 advances, 880 declines & 323 unchanged.
- BurgerKing saw 69.79x volumes spike while AartiInd, Network18, GreavesCot, ICIL, Sparc, LaurusLabs, TorntPower, CenturryTex, SJVN, TataComm, NavinFluor, APLLtd, TataElxsi & Pfizer saw over 5x spike.
- Long Buildup seen in Pfizer, NavinFluor, TorntPower, UBL, DeepakNtr, MFSL, AartiInd, LTI, SRF, while Short Buildup seen in Mphasis, Havells, PowerGrid, NationAlum.
- JSWStteel & PVR are seeing buying interest in July Series
- IBHsgfin, NationAlum, PNB, Sail & SunTV are under FnO Ban
- PCR moved down to 1.30 from 1.41 & Max pain in June series stuck at 15500. 24th June 16000CE & 16200CE saw OI spike while 15500PE & 15200PE saw highsest change in OI.
Key Triggers:
- Nifty Open – 15773.9, High- 15778.8, Low- 156680.1 & Close- 15740.1. Nifty had closed around 505 points higher than 20dma of 15235 & BankNifty though looked little weaker during the day’s trade had ended around 756 points higher20DMA of 34329.
- US closed lower except DJIA & European markets closed mixed on Tuesday while Asia has opened Mixed. As of 08:00 am Key Indices Futures are trading at:- Dow -> flat at 34580 while Nikkei225 lower at 28850 & Hang-Seng trading lower at 28660.
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