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

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.

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

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.

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.

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Market Update

Mkt2Day Nifty Update for 04062021

Nifty Range: 15375 – 15926

Nifty Thursday Close: 15690.35

Resistance seen at 15730, 15770, 15848, 15969 & 16006

Support Seen at 15610, 15532, 15494, 15441 & 15298

Pre Market Commentary

04062021 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 while held on to 15600 yesterday. We expect today to be another day to erode premiums with Critical resistance placed at 15940 & support at 15356. Remain low profile over weekend. US to send Coivid-19 vaccines to other countries as early as Thursday.

• Markets are always `Supreme`, VIX went lower to hit the lowest point for the month at 14.15 from a high of 17.21 and managed to close at 15.75.  Markets opened higher above 15600 and remained flat for the 1^st half and then came down below previous high 15660 to test 15611 then recovered for the day and made high till 15705.1 during last hour trades and closing higher at 15690.35.  Yesterday Nifty Spot 15690.35 while Future 15715 (27.65)
• BankNifty today opened above 35536 and was dragged down till 35413 but held on to previous day close of 35373 and remained flattish during the day within 35500 – 35600 during most part of the session and during last hour broke the 35700 barrier to hit a high of 35723 before closing at 35649. BandhanBank, AxisBank, KotakBank and HDFCBank were pushing over 1% while IndusInd, RBLBank was on dragging over 1%. Yesterday BankNifty Spot closed at 35649 while Future 35775 (128 points)
• Yesterday 70 stocks out of Nifty Top 100 stocks closed in Green and kept the markets in higher at close. Though Volumes were lower on Nifty and BankNifty Yesterday, while FIIs were net buyers in Cash while bought in Options & Future, DIIs were selling in Cash.
• Major upside contributions came from HDFCBank, LT, Titan KotakBank and Infy while the top gainers were Titan, Ongc, Eicher, LT and AxisBank with around 1.8% gains.
• Top draggers were IndusInd, Wipro, HCLTech, M&M and DrReddy while top losers were IndusInd, Wipro, Cipla, DrReddy and PowerGrid with over 0.5% losses.
• SGXNifty as of 08:00am is trading lower around 15675
• For 04-06-2021: Nifty to trade in the broader range of 15356 – 15940 with Nifty key Resistance seen at 15730, 15791, 15844, 15896 & 15984. Support Seen at 15606, 15545, 15494, 15442 & 15305.
• For 04-06-2021: BankNifty to trade in the broader range of 34985 – 36212 with BankNifty Resistances at 35734, 35873, 35990, 36112, & 36431. Supports at 35594, 35495, 35317, 35201 & 34772.
• News
• FII Net Sell with ₹ 660.9cr while DII Buy worth ₹ 112.38cr.
  • For June FII Net Buy ₹ 1560cr while DII net Buy ₹ 193cr in equity
  • For June FII net Sell ₹ 413cr in Futures & Net Sell ₹ 2743cr in Options
• Stocks to Watch:  ACC, AsianPaint, AxisBank, Cipla, DivisaLab, Eicher, Escorts, HDFC, HDFCBank, HDFCLife, HeroMotoCo, ICICIBank, JubLFood, LICHSGFIN, LT, Maruti, PowerGrid, PVR, RamcoCem, Reliance, Siemens,SunPharma, Titan, UBL, UPL, UltraCemCo & Voltas.
• VIX moved down by 8.48% to close at 15.75 while USD-₹ closed lower by 0.3% at 73.3750
• Among Indices SmallCap and Mid-Cap led the markets while all other indices managed to close in Green. Among Sectoral Indices Realty led the rally followed by Media with over 1.5% gains while Realty lost over 1% and Pharma, Auto closed in Red.
  • 174 Stocks hit fresh 52 week high yesterday including AdaniEnt, AdaniTrans, Alkem, AmbujaCem, ApolloHosp, BajFinance, JublFood, Marico, MuthootFin, Ongc, SBI, Siemens, Titan, UPL. while 2 stocks hit 52 week Low.
• From Nifty500 we had 341 gainers with 27 gaining over 3% while 159 losers with 3 losing over 3%
  • Top Gainer was Spandana with 20% gains followed by PNBHsg, OberaiRlty, Suzlon, FluorChem, Creditacc, Voltas, JKPaper, Muthootfin, Phoenixltd, MaxHealth, Titan, MindaCorp, HEG, MahindCie, Idea, Thermax, IBRealEst, Huhtamaki, AshaiIndia, ISec, FConsumer, Prestige, ShilpaMed, IndiaCem, PrsmJohnsn, CSFC, AngelBrkg, FRetail closing with gains over 5%
  • Top Loser was Mothersumi with 6.8% Losses followed by NH & TCIExp with over 3% losses
• 2042 stocks traded Yesterday with 1354 advances, 625 declines & 63 unchanged.
• BurgerKing saw 21x volumes spike while Ratnamani, AshahiInd, Crisil, Aartind, Nilkamal, Muthootfin, Voltas, OberoiRltym ShilpaMed & Prestige, saw over 5x spike.
• Long Buildup seen in ONGC, JublFood, Titan, Mphasis, Escorts, TataChem, Havells, while Short Buildup seen in Berger, NavinFluor, Nam-India, MotherSumi.
• BoB, PNB, Sail & SunTV are in FnO Ban List
• PCR moved down to 1.35 & Max pain in June series moved to 15500 from 15200. 24^th June 16000CE & 16200CE saw OI spike while 15200PE & 15000PE saw highest change in OI.

Key Triggers:

• Nifty Open – 15655.55, High- 15705.1, Low- 15611.0 & Close- 15690.35. Nifty had closed around 552 points higher than 20dma of 15138 & BankNifty though looked little stronger during the day’s trade had ended around 1559 points higher20DMA of 34089.
• US closed lower led by Nasdaq & European markets closed mixed on Thursday while Asia has opened Mixed. As of 08:00 am Key Indices Futures are trading at:- Dow -> Up at 34550 while Nikkei225 down at 28900 & Hang-Seng trading up at 28850.

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

Market Update

Mkt2Day Nifty Update for 03062021

Nifty Range: 15264 – 15888

Nifty Wednesday Close: 15576.2

Resistance seen at 15656, 15694, 15732, 15810 & 15928

Support Seen at 15537, 15498, 15419, 15342 & 15186

Pre Market Commentary

28052021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Markets as mentioned held on to 15200 yesterday and sustaining above that level today also is going to make an attempt till all time high. Holding 15300 at closing is critical , fresh buying combined with roll overs seen yesterday. Index rollovers were lower than last month Nifty Critical resistance placed at 15537 & support at 15068.

• Markets are always `Supreme`, VIX went lower till 18.37 but managed to close around 20.8 and markets opened higher above 15300 and remained flat for the 1^st half and then came down below 15300 to test 15273 and recovered for the day and made high till 15384.55 during last hour trades and closing higher at 15337.85.  Yesterday Nifty Spot 15337.85 while Future 15340.35 (2.5) while on Wednesday Nifty Spot 15301.45 while Future 15302.1 (0.75)
• BankNifty today opened above 34660 and was dragged down till 34530 but held on to previous day low and remained sluggish during the day within 34650 – 34850 during most part of the session and during last hour broke the 35000 barrier and participating in rally, before closing flat at 35095.05. PNB, SBIU, KotakBank, Axis and AUBank were pushing over 2% while ICICIBank was on losing side. Yesterday BankNifty Spot closed at 35095.05 while Future 35095 (0.5 points), while on Wednesday BankNifty Spot closed at 34684.2 while Future 34699.9 (9.8 points)
• Yesterday 62 stocks out of Nifty Top 100 stocks closed in Green and kept the markets in green till close. Volumes were almost double on Nifty and BankNifty Yesterday, while FIIs were net sellers in Cash while bought in Options & Future, DIIs were Buying in Cash.
• Major upside contributions came from KotakBank, SBI, AxisBank, HDFCBank and TCS while the top gainers were ShreeCem, SBI, BajajAuto, KotakBank and AxisBank with around 2% gains.
• Top draggers were HDFC, BajFinance, HUL, Airtel and Maruti while top losers were HDFC, BajFinance, IOC, ONGC and NTPC with over 1.1% losses.
• SGXNifty as of 08:00am is trading flat around 15450
• For 28-05-2021: Nifty to trade in the broader range of 15068 – 15555 with Nifty key Resistance seen at 15392, 15451, 15503, 15597 & 15666. Support Seen at 14270, 14210, 15161, 14110 & 15025.
• For 28-05-2021:BankNifty to trade in the broader range of 34254– 35652 with BankNifty Resistances at 35221, 35338, 35456, 35554 & 35799. Supports at 34810, 34675, 34560, 33444 & 33140.News
• FII Net Sell with ₹ 660.9cr while DII Buy worth ₹ 112.38cr.
  • For May FII Net Sell ₹ 9341cr while DII net Buy ₹ 612cr in equity
  • For May FII net Sell ₹ 10883cr in Futures & Net Buy ₹ 27127cr in Options
• Stocks to Watch:  ACC, AsianPaint, BajFinance, Berger, BPCL, Britannia, CoForge, DivisaLab, Eicher, HDFC, HDFCBank, HUL, ICICIBank, Maruti, Reliance, TataSteel, Titan & UltraCemCo.
• VIX moved down by 4.6% to close at 19.91 while USD-₹ closed lower by 0.3% at 72.8950
• Among Indices Alpha-50 led the markets followed by SmallCap while all other indices managed to close in Green. Among Sectoral IndicesPSUBank led the rally followed by BankNifty and IT which closed over 1% in green while Realty lost over 1% and Pharma, Energy too closed in Red.
  • 167 Stocks hit fresh 52 week high yesterday including AmbujaCem, Amrutanjan, AngelBrkg, AsianPaint, Balkrishna, Barbequem Bluedart, BPCL, BSE, BSoft, CoForge, Craftsman, DCal, EIHAHotels, Endurance, Everest, FinPipe, FSL, GreenLam, HappstMinds, Hikal, HSIL, IOC, Kesoram, KSB, Lovable, Mindtree, Montecarlo, Mphasis, OIL, Page, Persistent, Pidilite, PowerIndia, PunjabChem, Relaxo, RKForge, SBI, SonataSoft, STLTech, Take, TataCoffee, TideWater, TTKPrestig, TVSMotor, UPL, VGuard, Wipro. while 3 stocks hit 52 week Low.
• From Nifty500 we had 226 gainers with 21 gaining over 3% while 274 losers with 17 losing over 5%
  • Top Gainer was AlkylAmine with 7.95% gains followed by DCMShriram, PNB, TTKPrestig, SonataSoft, MahindCIE, Radico, HappstMnds, PEL, STLTech, SunClay, EIHotel, VGuard, EClerx, ABB, PolyMed closing with gains over 5%
  • Top Loser was Wockharma with 14.24% Losses followed by DishTV, KRBL, FDC, Vakalrangee, HemiProp, Phoenix, GodrejInd, Berger, ShriramCit, MHRIL with over 4% losses
• 2025 stocks traded Yesterday with 1030 advances, 920 declines & 75 unchanged.
• BurgerKing saw 121x volumes spike while Aartind, AdaniTrans, STLTech, Network18, CholaFIn, Syngene, BPCL, VGuard, SunTeck, AdaniEnt, SonataSoft, SKFIndia, HDFC, DCMShriram, UltraCemCo, BEL & Mindtree saw over 5x spike.
• Long Buildup seen in BOB, BHEL, Titan, BajajAuto, PNB, IGL, TechM, Hindalco while Short Buildup seen in HUL, Dabur
• Alkem, AmbujaCem, Pasge, Bob, SunTV, TVSMotor, GodrejCP, DLF, Britannia, PIInd Saw highest rollover above into June Series while NavinFluor, HDFCAMC, NTPC, Titan, Maruti, IDEA & TechM saw least rolloversBankNifty Roll-Over at  79.79% while Nifty Roll-Over at 69.39%
• PCR moved down to 1.36 from 1.38, & Max pain in June series moved to 15250 from 15200. 24^th June 16000CE & 15500CE saw OI spike while 15000PE & 14700PE saw highest change in OI.

Key Triggers:

• Nifty Open – 15323.95, High- 15384.55, Low- 15272.5 & Close- 15337.85. Nifty had closed around 428 points higher than 20dma of 14909 & BankNifty though looked little weaker during the day’s trade had ended around 756 points higher20DMA of 34339.
• US closed higher except Nasdaq & European markets closed mixed on Thursday while Asia has opened Strongly. As of 08:00 am Key Indices Futures are trading at:- Dow -> Up at 35350 while Nikkei225 down at 29100 & Hang-Seng trading at 29150.

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Pre Market Commentary

27052021 Pre-Market-Update: – Nifty moves, Stocks to Trade, FnO Action, Share Market Tips & Much More.

Nifty Watch for the day: Markets should hold on to 15200 today and sustaining above that level is critical for fresh buying support combined with a Short-covering rally. As Mentioned on Friday/Thursday it`s still a buy on dips market unless we close below 14800. Nifty Critical resistance placed at 15537 & support at 15050.

• Markets are always `Supreme`, VIX went lower till 17.23 but managed around 20.8 and markets opened higher and came down below 15200 and instantly recovered but could not cross 15300 and esd range-bound for the day and made high till 15319.9 during last hour trades and closing higher at 15301.45.  Yesterday Nifty Spot 15301.45 while Future 15302.1 (0.75) while on Wednesday Nifty Spot 15208.45 while Future 15233 (23.75)
• BankNifty today opened above 34750 and was dragged down till 34460 during the day remained weaker within 34600 – 34800 during most part of the session and sluggish without participating in Nifty led rally, before closing flat at 34684.2. IDFCBank, Bandhan, KotakBk were pulling over 0.5% while RBLBk, AxisBank & IndusInd gained around 0.4%. Yesterday BankNifty Spot closed at 34684.2 while Future 34699.9 (9.8 points), while on Wednesday BankNifty Spot closed at 34662.0 while Future 34810 (148 points)
• Yesterday 77 stocks out of Nifty Top 100 stocks closed in Green and kept the markets in green till close. Volumes were lower on Nifty and BankNifty yetersday, while FIIs were net buyers in Cash while sold in Options & Future, DIIs were Buying in Cash.
• Major upside contributions came from Infy, HDFC, TCS, BajFinance and BajinServ while the top gainers were BajinServ, BajFinance, Infy, Grasim and UPL with over 2% gains.
• Top draggers were JSWSteel, Powergrid, TataSteel,Hindalco and KotakBank while top Powergrid, JSWSteel, Hindalco, TataSteel and NTPC with over 1.9% losses.
• SGXNifty as of 08:20am is trading flat around 15240
• For 27-05-2021: BankNifty to trade in the broader range of 34086– 35380 with BankNifty Resistances at 35952, 35068, 35185, 35282 & 35499. Supports at 34410, 34296, 34180, 33991 & 33880.For 27-05-2021: Nifty to trade in the broader range of 15050 – 15537 with Nifty key Resistance seen at 15332, 15391, 15442, 15494 & 15580. Support Seen at 14211, 14152, 15101, 14969 & 14918News
• FII Net Buy with ₹ 241.6cr while DII Sell worth ₹ 438.59cr.
  • For May FII Net Sell ₹ 8680cr while DII net Buy ₹ 499cr in equity
  • For May FII net Sell ₹ 11466cr in Futures & Net Buy ₹ 22956cr in Options
• Stocks to Watch:  ACC, AsianPaint, AxisBank, BajFinServ, BajFinance, Britannia, ConCor, DrReddy, HDFC, HDFCBank, ICICIBank, Infy, KotakBank, Reliance, SRTRANSFIN, SunTV, TCS, TVSMotor & UPL.
• VIX moved up by0.77% to close at 20.87 while USD-₹ closed lower by 0.13% at 73.170
• Among Indices Nifty-Next-50 & SmallCap were in the losing side while all other indices led by Nifty-50 & Small-Cap managed to close in Green. Among Sectoral Indices Realty, Media & IT closed 1.7% in green while Metals, Energy & PSUBank closed in Red.
  • 180 Stocks hit fresh 52 week high yesterday including Amrutanjan, APCL, ASALCBR,  AsianPaint, BajFinServ, BalkrisahInd, Barbeque, BBL,  Berger, BSE, BSoft, CamlinFine, CCL, ColPal, ConCor, Craftsman, FinCable,  FinPipe, FluoroChem, Heidelberg, HPCL, Indoco, Ingerrand, IOC, JamnaAuto, JKLakshmi, JublIngrea, KSB, Lovable, LuxInd, MFSL, MHRIL, Mphasis, Persistent, Piidilite, PowerInd, Relaxo, RKForge, Schneider, SonataSoft, SupPetro, TideWater, TTKPrestig, UPL, VadilalInd, Wipro, WockPharma while 6 stocks hit 52 week Low.
• From Nifty500 we had 277 gainers with 21 gaining over 5% while 223 losers with 17 losing over 3%
  • Top Gainer was Indoco with 17.49% gains followed by Luxind, MHRIL, BSE, IngerRand, DishTV, SonataSoft, Suzlon, JustDial, IBRealest, Wockhard, BBTC, HSCL, Teamlease, GEPIL, MahScooter, KPRMill, ZenstarTech, PNBHsg, TCNSBrands, IOLCP, AngelBrkg closing with gains over 5%
  • Top Loser was Vakrangee with 4.98% Losses followed by Polyplex, KPITTech, JindalStel, Sail, FineOrg with over 4% losses
• 2259 stocks traded Yesterday with 1223 advances, 711 declines & 325 unchanged.
• BurgerKing saw 132x volumes spike while MHRIL, Indoco, Thermax, TriTurbine, SonataSoft, Luxind, Aartind, ShardaCorp, IngerRand, BBTC, BSE, ZensarTech, GEPIL, MFSL, Network18 saw over 5x spike.
• Long Buildup seen in ICICIBank & GMRInfra while Short Buildup seen in IDFCBank, NationAlum, VEDL, BoB& TataMotors
• Britannia, AmbujaCem, TVSMotor, Wipro Seeing rollover above 85% into June SeriesBankNifty Roll-Over at  53.9% while Nifty Roll-Over at 50.5%
• Amaraja, CanBk are in Ban List
• PCR moved up to 1.38 from 1.22, & Max pain in May series moved to 15200 from 15100. 27^th May 15500CE & 15400CE saw OI spike while 15200PE & 15000PE saw highest change in OI.

Key Triggers:

• Nifty Open – 15257.05, High- 15319.9, Low- 15194.95 & Close- 15301.45. Nifty had closed around 416points higher than 20dma of 14853 & BankNifty though looked little stronger during the day’s trade had ended around 1313 points higher20DMA of 33370.
• US closed higher & European markets closed mixed on Wednesday while Asia has opened mixed. As of 08:00 am Key Indices Futures are trading at:- Dow -> down at 34210 while Nikkei225 down at 28430 & Hang-Seng trading at 28950.

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