10062021 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 and it failed to hold on to 15660 – 15670 levels today. While it was again a silent Wednesday eroding off some premium till last hour again made Delayed Action and we expect larger damage to happen when the one side move takes place. With Critical resistance placed at 15983& support at 15398. Remain low profile till range breach happens. Among Sectoral Indices Media led the fall with over 2% losses followed by Realty, PSUBank & Auto 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 around previous day closing at 15766.30 moved higher to hit the 15800 and stayed flat till noon before falling down till 15566.90 during late session before closing at 15635.35. As expected it was again another premium eating day where both CE & PE Buyers struggled to make even small scalps. Yesterday Nifty Spot 15635.35 while Future 15668.95(32.45)
- BankNifty today opened just around previous day closing at 35100 and failed to trade again beyond 35400 and dragged down till 34640 before closing at 35800. While BankNifty had remained flattish range bound for the 1st half between 34900–35200 during most part of the session. PNB, FedBk, IndusInd, SBI, AxisBank, RBLBank & AUBank were pulling down with over 1%. losses. Yesterday BankNifty Spot closed at 34800.5 while Future 34935 (+134.5 points)
- Yesterday 72 stocks out of Nifty Top 100 stocks closed in Red and kept the markets lower till close. Though Volumes were marginally higher on Nifty BankNifty was higher than last 2 sessions. FIIs were net sellers in Cash & Futures Bought mildly in options, DIIs were Sellers in Cash.
- Major upside contributions came from PowerGrid, NTPC, Infy, AsianPaint and Titan while the top gainers were PowerGrid, SBILIfe, NTPC, Titan & CoalIndia with around 0.77% gains.
- Top draggers were Reliance, ICICIBank, LT, SBIN and AxisBank while top losers were TataMotors, AdaniPorts, ShreeCem, LT and Reliance with over 1.65% losses.
- SGXNifty as of 08:00am is trading flat around 15720
- BharatPe makes its 1st acquisition with Payback
- For 10-06-2021: Nifty to trade in the broader range of 15398 – 15983 with Nifty key Resistance seen at 15789, 15842, 15895, 15939 & 16036. Support Seen at 15598, 15544, 15493, 15441 & 15354.
- For 10-06-2021: BankNifty to trade in the broader range of 34254 – 35456 with BankNifty Resistances at 34949. 35086, 35220, 35338 & 35651. Supports at 34675, 34560, 34444, 34348 & 34140.
- News
- FII Net Sell with ₹ 846.37Cr while DII Sell worth ₹ 271.7cr.
- For June FII Net Buy ₹4439cr while DII net Sell ₹ 1896Cr in equity
- For June FII net Sell ₹ 2176cr in Futures & Net Sell ₹ 902cr in Options
- Stocks to Watch: AsianPaint, AxisBank, BajajAuto, DivisLaab, Eicher, Grasim, HDFC, HDFCBank, HeroMotoCo, IBHsgfin, ICICIBank, Indigo, KotakBank, PowerGrid, RBLBank, Recltd, SBI, Titan, TorntPower, UltraCemCo & Zee.
- VIX moved down by 3.15% to close at 14.75 while USD-₹ closed higher by 0.12% at 73.3525.
- Among IndicesSmallCap & Alpha50 dragged the markets to close in red Among Sectoral Indices Media dragged with over 2% followed by Metal, PSUBank, Rtealty lost over 1% losses.
- 259 Stocks hit fresh 52 week high yesterday including AaartiInd, AdaniPorts, Alkem, BalkrishInd, BHEL, BPCL, Cipla, CoForge, DivisLab, Glenmark, GujGasltd, HindPetro, IBHsgFin, Indigo, IOC, MFSL, Mindtree, NTPC, ONGC, Powergrid, RECLtd, SRF, TataMotors, TataPower, Titan, TorntPower, while 1 stocks hit 52 week Low.
- From Nifty500 we had 116 gainers with7 gaining over 5% while 384 losers with 7 losing over 5%
- Top Gainer was PolyPlex with 9.91% gains followed by ResponInd, Crisil, TataPower, RECLtd, TeamLease & Ashoka losing with gains over 5%
- Top Loser was Petronet with 8% Losses followed by FinCable, IOB, JustDial, CenBk, SuvenPharm, LemonTree, Tanla, iIFL, AngelBrkg, PNBHousing, Edelweiss, Dhani, MMTC, MHRIL, Sparc, DCMShriram, Indoco, Spandana, Shilpamed & CreditACC with over 4% losses
- 2258 stocks traded Yesterday with 713 advances, 1217 declines & 328 unchanged.
- AartiInd saw 63.73x volumes spike while BurgerKing, TeamLease, ResponInd, Dhanuka, Polyplex, Network18, TataPower, CapliPoint, Prestige, ITI, Ashoka, TorntPower, SudarsChem, RecLtd, Petronet saw over 5x spike.
- Long Buildup seen in TorntPower, RECLtd, AartiInd, PowerGrid, IGL, CoalInd while Short Buildup seen in Petronet, Pfizer, Voltas, IGL, Gail, SRTRANSFIN, MFSL, MuthootFin, BajFinance.
- JSWSteel, M&M, PVR & Idea are seeing buying interest in July Series
- BHEL, CanBk, NationAlum, Sail & SunTV are under FnO Ban
- PCR moved down to 1.12 from 1.30 & Max pain in June series stuck at 15500. 24th June 16000CE & 16200CE saw OI spike while 15000PE & 15400PE saw highest change in OI.
Key Triggers:
- Nifty Open – 15766.3, High- 15800.45, Low- 15566.9 & Close- 15635.35. Nifty had closed around 365 points higher than 20dma of 15270 & BankNifty though looked little weaker during the day’s trade had ended around 388 points higher20DMA of 34412.
- US closed lower led by Smallcap & DJIA while European markets closed mixed on Wednesday while Asia has opened in green. As of 08:00 am Key Indices Futures are trading at:- Dow -> flat at 34480 while Nikkei225 up at 28950 & Hang-Seng trading up at 28800.