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Market Update

*Mkt2Day Nifty Update for 18062021

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Nifty Range: 15456 – 15927

Nifty Thursday Close: 15691.4

Resistance seen at 15770, 15810, 15849, 15888 & 16006

Support Seen at 15612, 15573, 15534, 15416 & 15377

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

Market Update

Mkt2Day Nifty Update for 15062021

Nifty Range: 15534 – 16050

Nifty Monday Close: 15811.85

Resistance seen at 15852, 15891, 15932, 15970 & 16129
Support Seen at 15731, 15692, 15651, 15574 & 15492

Market Update

Mkt2Day Nifty Update for 11062021

Nifty Range: 15500 – 15974

Nifty Thursday Close: 15737.75

Resistance seen at 15778, 15817, 15896, 16015 & 16054

Support Seen at 15696, 15658, 15580, 15536& 15422

Pre Market Commentary

11062021 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 then gave the breakout to test 15750 levels at closing. The premium factor in  Nifty While it was again a silent Thursday to erode premium till last hour. Though the Delayed Action did create damage to the Shorts in market. With Critical resistance placed at 15985& support at 15410 we would suggest to Remain low profile during closing trades or trade the trend upon confirmation.

• Markets are always `Supreme`, VIX was very flat and moved narrow to close lower at 15.23.  Markets as expected opened just below 15700 and then moved down till 15648.50 by giving some hopes to small punter bears and as per our expectation did just premium erosion till noon between 15680 – 15700 aand gave first signals by testing out 15740 and finally only during closing trades tested 15750 and made a closing at 15737.75. As expected it was again another premium eating day where both CE & PE Buyers struggled to make even small scalps. Yesterday Nifty Spot 15737.75 while Future 15753.1  (17.25)
• BankNifty today opened just around 34900 and dropped till 34912 giving early false alarms to Bulls and was very flat till noon and had a steep fall till 35250 failed to trade beyond 35200 and dragged down till 34700 before the last hour rally took markets to hit high off 35165 before closing at 35131.20. PNB, SBI, FedBk, RBLBank, IndusInd, IDFCBank & AxisBank were pushing with over 1%. Gains while AUBank was sole loser. Yesterday BankNifty Spot closed at 3131.2 while Future 35300 (+168.8 points)
• Yesterday 77 stocks out of Nifty Top 100 stocks closed in Green and kept the markets higher till close. Though Volumes were marginally lower on Nifty BankNifty was lower than last session. FIIs were net buyers in Cash & Futures sold in options, DIIs were Sellers in Cash.
• Major upside contributions came from BaajFinance,, SbI,  Infy, HDFC & ICICIBank while the top gainers were BajFinance, BajFinServ, SBI, DivisLab and IndusInd with around 2.1% gains.
• Top draggers were ITC, BajajAuto, Maruti, AdaniPorts and UPL while top losers were BajajAuto, EicherMot, UPL, AdaniPorts and ShreeCem with over 0.4% losses.
• SGXNifty as of 08:00am is trading flat around 15790
• Infy, PayTM & MakeMyTrip seeks approval to provide Covivd-19 online bookings
• For 11-06-2021: BankNifty to trade in the broader range of 34314 – 35715 with BankNifty Resistances at 35283, 35401, 35518, 35616 & 35834. Supports at 34873, 34621, 34506, 34410 & 34258.
• For 11-06-2021: Nifty to trade in the broader range of 15410 – 15985 with Nifty key Resistance seen at 15774, 15834, 15888, 16029 & 16082. Support Seen at 15649, 15590, 15437, 15485 & 15258.News
  • FII Net Buy with ₹ 1329.7Cr while DII Sell worth ₹ 575.19cr.
  • For June FII Net Buy ₹4439cr while DII net Sell ₹ 2471Cr in equity
  • For June FII net Sell ₹ 2301cr in Futures & Net Sell ₹ 8427cr in Options
• Stocks to Watch:  AsianPaint, BajajAuto, BajFinServ, Cipla, CoForge, Concor, DrReddy, Eicher, Grasim, HDFC, HDFCBank, HeroMotoCo, InndusInd, KotakBank, LICHsgFin, , TCS, Trent & UltraCemCo.
• VIX moved up by 1.69% to close at 15.0 while USD-₹ closed higher by 0.14% at 73.4425.
• Among IndicesSmallCap & Alpha50 dragged the markets to close in red Among Sectoral Indices Except Auto all sectoral indices closed in Green with PSUBank, Pharma, FinService, Metals Gaining over 1% .
  • 200 Stocks hit fresh 52 week high yesterday including AaartiInd, AdaniPorts, Alkem, AmbujaCem, BajFinance, BajFinServ, BalkrishInd, Cipla, DivisLab, Glenmark, GodrejCP, GujGasltd, IBHsgFin, PIInd, Powergrid, SRF, TataConsum, Titan, Wipro while 2 stocks hit 52 week Low.
• From Nifty500 we had 409 gainers with 27 gaining over 5% while 91 losers with 2 losing over 3%
  • Top Gainer was Network18 with 19.9% gains followed by AlokInd, TV18Brdcst, Quess, Hatsun, GPPL, IBHsgfin,  JSL, IRB, JSLHisar, Ujjivana, IBRealEst, Sspandana, BajFinanace, UTIAMC, Hudco, FConsumer, LalPathLab, AsterDM, Ujjivanan, NNCC,  FSL, Metropolis, CreditAcc, DishTV, DLF, ShardaCorp losing with gains over 5% while Top Loser was Cera with 3.3% Losses followed by Sunclayltd
• 2060 stocks traded Yesterday with 1537 advances, 474 declines & 49 unchanged.
• Netwwork18 saw 41. 3x volumes spike while BurgerKing, AartiInd, Hatsun, BataIndia, Cera, JSLHisar, JSL, GPPL, VBL, TV18Brdcst saw over 5x spike.
• Long Buildup seen in BataIndia, IBHsgFin, Mphasis, Pfizer, Pidilite, DLF, LTTS, BajFinance, LTFH, GodrejProp, GodrejCP, Cadila, LICHsgFin, CoForge while Short Buildup seen in Granules & RECL.
• PNB, JSWSteel, PVR, Idea, M&MFin are seeing buying interest in July Series
• BHEL, CanBk, IBHsgFin, NationAlum & SunTV are under FnO Ban
• PCR moved up to 1.31 from 1.12 & Max pain in June series moved to 15700 from 15500. 24^th June 16000CE & 16100CE saw OI spike while 15000PE & 15700PE saw highest change in OI.

Key Triggers:

• Nifty Open – 15692.1, High- 15751.25, Low- 15648.5 & Close- 15737.75. Nifty had closed around 465 points higher than 20dma of 15270 & BankNifty though looked little stronger during the late trade had ended around 600 points higher20DMA of 34525.
• US closed higher led by Nasdaq while European markets closed mixed on Thursday while Asia has opened in mixed. As of 08:00 am Key Indices Futures are trading at:- Dow -> flat at 34450 while Nikkei225 down  at 28880 & Hang-Seng trading flat at 28760.

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Market Update

Mkt2Day Nifty Update for 10062021

Nifty Range: 15399 – 15949

Nifty Wednesday Close: 15635.35

Resistance seen at 155714, 15792, 15830, 15870 & 16028

Support Seen at 15595, 15556, 15478, 15360 & 15321

Pre Market Commentary

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 1^st 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 1^st 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. 24^th 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.

Market Update

Mkt2Day Nifty Update for 09062021

Nifty Range: 15464 – 15977

Nifty Tuesday Close: 1740.10

Resistance seen at 15819, 15858, 15898, 16055 & 16134

Support Seen at 15660, 15582, 15542, 15504 & 15385