Tag: GIFT NIFTY

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Daily Market Feed Pre Market Report

Volatile FINNIFTY Expiry? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Sun Pharmaceutical said it expects high single-digit revenue growth for FY24.

NBCC India bagged a work order worth Rs 66.32 crore from the Indian Medical Association, for IMA House Delhi.

Indiabulls Housing Finance has repaid Rs 1,112.5 crore of bonds, which was availed in August 2013. 

What Happened Yesterday?

NIFTY started the day at 19,298 with a small gap-up of 32 points. After initial consolidation, it broke the day-high afternoon and moved up. But Reliance AGM pulled it back down, and NIFTY closed at 19,306, up by 40 points or 0.21%.

BANK NIFTY started the day flat at 44,253. The index showed strength contributed by HDFC Bank and moved up 400+ points from the intraday low of 44,200. BANK NIFTY closed at 44,494, up by 263 points or 0.6%. 

U.S. markets closed in the green The European markets also closed in green.

What to Expect Today?

The Asian markets are trading in the green.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading slightly flat at 19,342.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 19,240, 19,200 and 19,120. We can expect resistances at 19,360 19,400 and 19,500.

BANK NIFTY has supports at 44,277, 44,150 and 43,950. Resistances are at 44,520, 44,600 and 44,800.

FINNIFTY has supports at 19,700, 19,620 and 19,550. Resistances are at 19,800, 19,850 and 19,900.

NIFTY has the highest call OI build-up at 19,500. The highest put OI build-up is at 19,300. PCR is at 0.85.

BANK NIFTY has the highest call OI build-up at 44,500. The highest put OI build-up is also at 44,000. PCR is at 1.06.

FINNIFTY has the highest call OI buildup at 19,900. There is high put OI buildup at 19,700. PCR is at 1.08.

Foreign Institutional Investors net-sold shares worth Rs 1,392 crores. Domestic Institutional Investors net-bought worth Rs 1,264 crores for the week.

INDIA VIX is higher, at 12.39, the highest closing since May. 

Reliance AGM created volatility in the stock, as expected. But what was unexpected was the solo show by HDFC Bank which took up Bank Nifty consistently throughout the day.

August has been a very happening month, just look at BANK NIFTY’s 2,000+ point trading range to understand. And now as we move into the last few days of August, I am expecting more volatility. 

Now when we look at BANK NIFTY, both HDFC Bank and Kotak Bank are trying to bounce back after recent falls. Important buy levels are currently being respected and contributing to moves in the market.

So for this FINNIFTY expiry today, I am expecting a trading range of 19,600-20,000. Only if the premiums are too low, you can look at closer strikes with strict SLs in place.

I am expecting FIIs to return to the market this afternoon and push it higher, if European markets continue to be in the green. Watching for a breakout in the major indices.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Green Opening Loading. Watch out for Reliance AGM! – Pre-Market Analysis Report

jio financial services pre-market report | marketfeed

Here are some of the major updates that could move the markets today:

Stocks

Reliance Industries will be in focus ahead of the 46th annual general meeting(AGM) today. It will be at 2 PM.

The removal of Jio Financial Services from Sensex and other BSE indices has been postponed to September 1st. It will be taken off from NIFTY 50 on August 29th.

BEL has received new defence and non-defence orders worth Rs 3,289 crore during July and August. BEL has now received orders of Rs 11,380 crore in current financial year.

What Happened on Friday?

NIFTY started the week at 19,320 and slowly moved up till Wednesday. On Thursday, the market opened with a big gap up and hit an intraday high of 19,584 before falling heavily. Friday saw a gap-down opening and another weak closing. NIFTY closed the week at 19,265, down by 55 points or 0.28%.

BANK NIFTY started the week at 43,935 with a small gap-up. After two normal days, Wednesday was a big green candle day in the index. After hitting a weekly high of 44,949 on Thursday, the index fell back sharply by nearly 1,000 points. BANK NIFTY closed the week at 44,496, up by 296 points or 0.67%. 

U.S. markets closed in the green on Friday. The European markets also closed slightly in the green.

What to Expect Today?

The Asian markets are trading in the green.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading slightly in green at 19,272.

All the factors combined indicate a gap-up opening in the market.

NIFTY has supports at 19,240, 19,200 and 19,120. We can expect resistances at 19,360 19,400 and 19,500.

BANK NIFTY has supports at 44,150, 43,950, 43,840. Resistances are at 44,520, 44,600 and 44,800.

FINNIFTY has supports at 19,550 and 19,500. Resistances are at 19,700, 19,735 and 19,800.

NIFTY has the highest call OI build-up at 19,500. The highest put OI build-up is at 19,000. PCR is at 0.67.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is also at 44,000. PCR is at 0.81.

FINNIFTY has the highest call OI buildup at 20,000. There is high put OI buildup at 19,600. PCR is at 0.86.

Foreign Institutional Investors net-sold shares worth Rs 4,638 crores in the week. Domestic Institutional Investors net-bought worth Rs 1,414 crores for the week.

INDIA VIX is higher, at 12.08. 

Markets worldwide are in the green as Fed Chair Jerome Powell pointed to signs of continued economic growth and strong consumer spending but indicated that the central bank would “proceed carefully” with additional interest rate hikes.

Reliance’s AGM is expected to bring in volatility to the stock. Do watch out for crazy moves, in fact, avoid it if you can at 2 PM.

This week is already expected to be volatile, so let’s see what happens with today’s gap-up. There is heavy call writing near the spot price for NIFTY, so it will be interesting to see how the market behaves in case of a gap-up.

Considering all international markets are green, we can expect NIFTY to show bullishness today. A close above 19,400 is essential to display stability.

Bank NIFTY and FINNIFTY are currently showing more strength than NIFTY. So do watch out for afternoon strength in these indices.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or our website for trades!

Make sure you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Global Markets Down Ahead of Fed Chair Speech – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Paytm’s promoter Antfin is likely to sell a 3.6% stake today at a floor price of Rs 880.10 per share.

Astra Microwave Products has bagged orders worth Rs 158 crore for the supply of satellite sub-systems, airborne radar and sub-systems of radar and EW projects, from DRDO, ISRO and other Defence PSUs.

The Government of Singapore bought Amber Enterprises shares worth Rs 113 crores via open market transactions.

Telecom data for the month of June showed both Reliance Jio and Airtel adding subscribers, while Vodafone Idea continued to lose subscribers.

What Happened Yesterday?

NIFTY started the day at 19,535 with a gap-up of 91 points and moved up. But from the day-high, it gave a fall of 200 points and gave a very bearish closing below 19,400. NIFTY closed at 19,386, down by 57 points or 0.29% 

BANK NIFTY started the day at 44,704 with a gap-up of 225 points. After the initial strength, the index fell 500 points from the day’s high to 44,430 levels. BANK NIFTY closed at 44,496, up by 17 points or 0.04%. 

U.S. markets closed in the red. The European markets closed flat to red.

What to Expect Today?

The Asian markets are trading in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading slightly in red at 19,275.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 19,360, 19,300 and 19,240. We can expect resistances at 19,400, 19,438, and 19,500.

BANK NIFTY has supports at 44,277,  44,150 and 44,100. Resistances are at 44,600, 44,800 and 44,950.

NIFTY has the highest call OI build-up at 19,500. The highest put OI build-up is at 19,000. PCR is at 0.59.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is also at 44,000. PCR is at 0.86.

Foreign Institutional Investors net-bought shares worth Rs 1,524 crores. Domestic Institutional Investors net-bought worth Rs 5,796 crores.

INDIA VIX is at 11.70. 

Yesterday was a very volatile day in the market. Early short covering and then heavy selling came and took the markets down heavily.

Huge block deals also kept FII buying numbers in the green, despite the market falling.

The U.S. market also opened well in the green after good results but fell heavily towards the end of the day. Markets around the world are looking ahead to an important speech from Fed Chair Jerome Powell at Jackson Hole.

Big stocks, including Reliance, showed a lot of volatility yesterday. Note that the Crude Oil prices are cooling down internationally.

I hope you kept your capital safe in yesterday’s tricky moves. Congrats to whoever came out profitable. 

We expect an even crazier monthly expiry next week, with a volatile trading session today!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Can Bulls Show Strength Again? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Piramal Enterprises has approved the public issuance of non-convertible debentures (NCDs) for up to Rs 3,000 crore. 

Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September.

BEML has bagged an order from the Ministry of Defence (Army) for the supply of command post vehicles. The order is worth Rs 101 crore approximately.

What Happened Yesterday?

NIFTY started the day at 19,417 with a small gap-up of 23 points. Throughout the day, the index consolidated within just a 60-point range! The index closed at 19,396, up by 2.85 points or 0.01%.

BANK NIFTY started the day at 44,125 with a gap-up of 123 points. Similar to NIFTY, the bank index also consolidated within a 150+ point range throughout the day with negative bias. BANK NIFTY closed at 43,993, down by 8.75 points or 0.02%. 

U.S. markets closed in the red. The European markets closed in the green.

What to Expect Today?

The Asian markets are trading in the green.

The U.S. Futures are trading in green.

GIFT NIFTY is trading in green at 19,359.

All the factors combined indicate a flat to gap-up opening in the market.

NIFTY has supports at 19,360, 19,300 and 19,240. We can expect resistances at 19,400 19,438 and 19,500.

BANK NIFTY has supports at 43,960, 43,830 and 43,680. Resistances are at 44,100, 44,150 and 44,277.

NIFTY has the highest call OI build-up at 19,400. The highest put OI build-up is at 19,300. PCR is at 0.76.

BANK NIFTY has the highest call OI build-up at 44,000. The highest put OI build-up is also at 44,000. PCR is at 0.84.

Foreign Institutional Investors net-sold shares worth Rs -495 crores. Domestic Institutional Investors net-bought worth Rs 533 crores.

INDIA VIX is at 11.74. 

FINNIFTY’s expiry showed that this week’s current trend is consolidation.

Overall, our markets and other global markets are continuing to be weak. BANK NIFTY is in a “sell on rise” trading setup, where big wicks are being created in the day candle. 

Just two more trading days to go for the next weekly expiry, hence the heavy selling at 19,400 should be looked at. NIFTY will have a tendency to give a short-covering move if it crosses 19,450 quickly.

Straddle sellers at 44,000 have a good breathing space before getting in trouble.

A big gap-up in NIFTY can trigger a move in the morning. Keep your trades ready!

Have a safe trading day!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Easy FINNIFTY Expiry? – Pre-Market Analysis Report

FINNIFTY expiry - pre-market analysis

Here are some of the major updates that could move the markets today:

Stocks

Lemon Tree Hotels has signed license agreements for two properties in Bhubaneswar and Kasauli under Lemon Tree Hotel and Lemon Tree Mountain Resort, respectively.

Brigade Enterprises has bought 6.54 acres of land in Chennai. The company will develop a residential project on the said land.

Paytm’s 23rd Annual General Meeting (AGM) is scheduled to be held on September 12.

Adani Enterprises’ promoter firm Kempas Trade and Investment bought 2.53 crore shares (2.22%) in the last 2 weeks.

Adani Power has targeted a total capacity of 21,110 MW by FY29, with net senior debt expected to increase next year.

What Happened Yesterday?

NIFTY started the day flat at 19,320 and kept taking 19,300 as support. After 2 rounds of bounces from the support, the index gave a good up move to 19,420. NIFTY closed at 19,393, up by 83 points or 0.43% 

BANK NIFTY started the day at 43,952 with a 100-point gap-down. The index was overall bullish after 10 AM, and respected 43,960 zones. A breakout above 44,100 was not formed and BANK NIFTY closed at 44,002, up by 150 points or 0.34%. 

U.S. markets closed flat to green. The European markets closed mixed.

What to Expect Today?

The Asian markets are slightly in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,389.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 19,360, 19,300 and 19,240. We can expect resistances at 19,400 19,438 and 19,500.

BANK NIFTY has supports at 43,960, 43,830 and 43,680. Resistances are at 44,100, 44,150 and 44,277.

FINNIFTY has supports at 19,500, 19,450 and 19,400. Resistances are at 19,623, 19,700 and 19,735.

NIFTY has the highest call OI build-up at 19,400. The highest put OI build-up is at 19,300. PCR is at 0.96.

BANK NIFTY has the highest call OI build-up at 44,000. The highest put OI build-up is also at 44,000. PCR is at 1.00.

FINNIFTY has the highest call OI build-up at 19,800. The highest put OI build-up is at 19,500. PCR is at 0.96.

Foreign Institutional Investors net-sold shares worth Rs -1,901 crores. Domestic Institutional Investors net-bought worth Rs 626 crores.

INDIA VIX is at 11.96. 

The current expectation of the week remains consolidation with NIFTY moving up by just 0.4% yesterday.

Even though the market did not fall till 19,240 yesterday, DIIs supported it and kept it “stable”. FIIs continue to sell for thousands of crores.

FINNIFTY’s expiry is expected to be consolidation, going by the current market trend. You can look for trades using the levels we talked about above as an indication.

While the general market is consolidating, midcap and smallcap indices are near their all-time highs. Usually what happens in markets like these is, NIFTY consolidates while smaller stocks rally.

Both NIFTY and BANK NIFTY are trapped in a consolidation range in the daily charts, as well. So you can easily trade with these limits as an option seller! Have a safe trading day!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Can NIFTY Stay Above Supports? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Jio Financial Services will get listed on the market today. Intraday trading is restricted for the stock for 10 days, and it will have a circuit limit of 5%. The share price is expected to be around ₹300.

Titan acquired an additional 27.18% equity stake in CaratLane from its founder and his family members, for Rs 4,621 crore in cash. This will take their shareholding to more than 98%.

M&M announced a proactive inspection of certain wiring and spring parts in XUV models. Inspection and rectification will be carried out for free.

KEC International has secured new orders worth Rs 1,007 crore across its various businesses.

What Happened on Friday?

NIFTY started the day at 19,301 with a small gap-down. The index tried moving up but fell to 19,250 levels. There was good buying and a failed breakout after 2 PM. Nifty closed at 19,310, down by 55 points or 0.28% 

BANK NIFTY started the day at 43,724 with a gap-down of 166 points. The index mostly consolidated throughout the day between 43,770 and 43,960 levels with a negative bias. BANK NIFTY closed at 43,851, down by 40 points or 0.09%. 

U.S. markets closed flat. The European markets closed in the red.

What to Expect Today?

The Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,320.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 19,240, 19,200 and 19,130. We can expect resistances at 19,360, 19,438, 19,560 and 19,620.

BANK NIFTY has supports at 43,680 and 43,540 and 43,470. Resistances are at 43,960, 44,100 and 44,277.

NIFTY has the highest call OI build-up at 19,400. The highest put OI build-up is at 19,300. PCR is at 0.83.

BANK NIFTY has the high call OI build-up at 44,000. The highest put OI build-up is also at 43,500. PCR is at 0.77.

Foreign Institutional Investors net-sold shares worth Rs -339 crores. Domestic Institutional Investors net-bought worth Rs 267 crores.

INDIA VIX is at 12.14. 

I was looking for this week’s direction from the market on Friday. Our market moved down till the important support of 19,240 then easily bounced up. The 1-day chart confirms that it is a good buying zone.

The market is weak with NIFTY closing at the worst level since 30 June.

Friday gave a trend of a consolidation week, keeping this as the current expectation of the week. 

But we will be keeping strict stop losses on the lower side, to prevent damage from a fall. Again, keep in mind that we are near very important support in NIFTY. 

BANK NIFTY is trapped in a very wide consolidation zone around June ranges. Expect some volatile up and down movements within them!

Today’s expectation is a flat opening followed by selling till 19,240 again. From here, expecting buying to kick in and keep the market stable.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Trend Setting Day for Next Week of Trading! – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

PNB, TVS Motors, Shriram Finance, Trent and Zydus Life will be included in Nifty Next 50, with effect from September 29. ACC, FSN E-Commerce Ventures(Nykaa), HDFC AMC, Indus Towers, and Page Industries will be excluded.

NLC India has entered into a long-term power usage agreement with Rajasthan Urja Vikas Nigam for the supply of 300 MW of solar power.

Adani Group is said to have taken a group of local bond arrangers on a site visit last week, getting ready to sell Rs 1,500 crores worth of debt.

Zydus Lifesciences got final approval from the USFDA for Doxepin tablets used to treat insomnia. 

What Happened Yesterday?

NIFTY started the day at 19,450 at Monday’s high. From opening itself, the index was falling, and it fell 120 points. No major supports were broken, and NIFTY closed at 19,365, down by 99 points or 0.51% 

BANK NIFTY started the day flat at 43,897. While Nifty was weaker, Bank Nifty went down and then shot back up to create a new day-high. From there, the day-low was broken and after that consolidation was seen. BANK NIFTY closed at 43,891, down by 55 points or 0.13%. 

U.S. markets closed in the red. The European markets closed in the red.

What to Expect Today?

The Asian markets are trading mostly in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,300.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 19,360, 19,300 and 19,240 and 19,200. We can expect resistances at 19,438, 19,560 and 19,620.

BANK NIFTY has supports at 43,840, 43,750 and 43,680 and 43,540. Resistances are at 43,960, 44,100, 44,277 and 44,520.

NIFTY has the highest call OI build-up at 19,400, with decent put OI build-up being seen here as well. The highest put OI build-up is at 19,300. PCR is at 0.83.

BANK NIFTY has the high call OI build-up at 44,000The highest put OI build-up is also at 44,000. PCR is at 0.75.

Foreign Institutional Investors net-sold shares worth Rs -1,510 crores. Domestic Institutional Investors net-bought worth Rs -314 crores.

INDIA VIX is at 12.24, slightly moving up again. 

I am looking eagerly into how the international markets will perform today, and if it will give NIFTY some direction next week. The U.S. market is seeing more and more falls per day along with a rise in volatility.

NIFTY and BANK NIFTY are near crucial supports, and it is important to note that they are at their worst closing levels in more than 40 days.

This does not mean that the market has to fall from here. But the combined factors including India VIX increasing 20% in the last 2 weeks and the markets reaching key supports, indicate that a fall is probable.

If the market shows strength today with FII buying, it would be a positive indication for the upcoming week.

So just like last week, this Friday could turn out to be a trendsetting day for the week ahead. Do watch out for the major supports ahead. If you are a bull in the market, keep watching 19,650 on the upper side to confirm the strength.

Hope you all had a good expiry yesterday. Let’s hope for more weeks of profitability going deeper into August.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Sideways Trend in NIFTY for the Weekly Expiry? – Pre-Market Analysis Report

sideways trends - pre-market report

Here are some of the major updates that could move the markets today:

Stocks

Power Grid has successfully commissioned assets under the government’s North Eastern Region Strengthening Scheme-VI.

Paytm’s investor Antfin has offloaded 6.53 crore equity shares or a 10.3% stake to promoter Vijay Shekhar Sharma. This makes the founder & CEO, the biggest shareholder at 19.3%.

Aurobindo Pharma is launching an HIV triple combination product for children in low and middle-income countries, under a licence from a U.K. pharma company.

Reports suggest that the govt plans to sell shares of IRFC through an offer for sale (OFS).

What Happened Yesterday?

NIFTY started the day at 19,369 with a gap-down of 65 points. It started moving up after the initial red candles and tried to break yesterday’s high. NIFTY closed at 19,465, up by 30 points or 0.16% 

BANK NIFTY started the day at 43,726 with a gap-down of 364 points. The index faced strong rejection from the 44k zone when trying to move back up. BANK NIFTY closed at 43,946, down by 144 points or 0.33%. 

US markets closed in the red. The European markets closed mixed.

What to Expect Today?

The Asian markets are trading in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in the red at 19,394.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 19,400, 19,360, 19,300 and 19,240. We can expect resistances at 19,438, 19,560 and 19,620.

BANK NIFTY has supports at 43,960, 43,840, 43,750 and 43,680. Resistances are at 44,277,  44,520, and 44,800.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,300. PCR is at 1.05.

BANK NIFTY has the high call OI build-up at 44,000 and 44,500. The highest put OI build-up is at 43,800. PCR is at 0.82.

Foreign Institutional Investors net-sold shares worth Rs 722 crores. Domestic Institutional Investors net-bought worth Rs 2,406 crores.

INDIA VIX is at 12.12, the first time since May. The VIX in the U.S. market is also up.

The U.S. market continued to move down yesterday night after Fed Minutes once again confirmed a high chance of more rate hikes. The Fed also sees no recession in the 2023 forecast.

NIFTY respected all our major levels yesterday. And with the last 2 day candles, NIFTY is at the same level as Friday’s close. So till now for the week, NIFTY has had consolidation.

With today’s gap-down expected at 19,400, we should have a watch out for 19,300 as the first support. I would wait for the initial few candles before taking a position. Watch out for BANK NIFTY’s 43,680 level as well.

For the 3rd weekly expiry in the August series, let us hope the market will trade between 43,500-44,100 in BANK NIFTY and 19,250-19,550 on NIFTY.

And do remember, since it is an expiry day you can expect some volatility. So keep your eyes on the major levels and watch out for big candles!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Gap-Down Opening Again! Will Supports be Respected? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

ITC reported a standalone profit of Rs 4,902.74 crore, up 17.6% YoY. Revenue fell 8%, but margins increased. Also, the board approved the demerger of the hotel business; ITC shareholders will get 1 share of the hotel company for every 10 shares held.

Vodafone Idea reported a loss of Rs 7,840 crore, increasing more than ₹1,400 crores from last quarter.

Hero MotoCorp’s promoter family settled cases between themselves. It includes cases of management positions and usage of the trademark ‘HERO’. 

Coffee Day reported a profit of Rs 21 crore, against a loss of Rs 17 crore last year with better revenue.

IndiGo’s promoter family is looking to raise Rs 3,735 crore via a block trade, selling shares at ₹2,400/share. This is 5% lower than the current market price.

Indiabulls Housing has recorded a consolidated profit of Rs 296.2 crore, up 3.3% YoY.

What to Expect Today?

NIFTY started the day at 19,383 with a small gap-down but fell to 19,260 immediately. There was a bounce back from this zone, and short-covering even took the index above the day-high. NIFTY closed at 19,434, up by 6.25 points or 0.03% 

BANK NIFTY started the day at 44,066 with a gap-down and fell 300 points in 10 minutes. It then slowly moved back up, but could not break the day-high like NIFTY. BANK NIFTY closed at 44,090, down by 108 points or 0.24%. 

US markets were flat on Monday and in deep red yesterday. The European markets also closed in the red.

The Asian markets are trading in deep red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in the red at 19,394.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 19,400, 19,360, 19,300 and 19,240. We can expect resistances at 19,438, 19,560 and 19,620.

BANK NIFTY has supports at 43,960, 43,840, 43,750 and 43,680. Resistances are at 44,277,  44,520, and 44,800.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,400. PCR is at 0.86.

BANK NIFTY has the highest call OI build-up at 44,500. The highest put OI build-up is at 44,000. PCR is at 0.76.

Foreign Institutional Investors net-sold shares worth Rs 2,324 crores. Domestic Institutional Investors net-bought worth Rs 1460 crores.

INDIA VIX is at 11.99, and looking to move up which could indicate a fall loading in the market. The VIX in the U.S market is also up.

The U.S. market has broken a consolidation zone and moved down yesterday night. This will contribute to initial weakness in our market and possible selling from FIIs.

NIFTY has the next important support at 19,240. It is a very strong buying zone as demonstrated on Monday.

If that level is broken, a quick fall to 19,200 can be expected to fill the gap in daily charts.

For the day, if a gap-down is seen and buying from there, it will indicate some short sellers booking profits. I would not go bullish until at least Monday’s high is broken.

BANK NIFTY has a good support level at 43,680 on the daily charts. Do keep this level in mind while trading.

The last 2 days before the weekly expiry. Hope you have safe and easy trades like FinNIFTY on Tuesday! Even with consolidation or movement, expected moves can still give profits.

Have a safe trading day!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Bearish Opening for NIFTY! – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Adani Ports auditor Deloitte resigned from their duties on Friday, without giving any specific reasons. Adani appointed MSKA & Associates as a replacement.

ONGC reported a standalone profit of Rs 10,015 crore for the quarter, falling 34.1% YoY.

Nykaa reported a consolidated profit of Rs 5.4 crore for the quarter, up 8% YoY. This came with a good jump in revenue numbers.

Lupin’s manufacturing facility in Mandideep has been inspected by the USFDA without any observations.

Voltas registered a consolidated profit of Rs 129.4 crore for the quarter, up 18% YoY. However, margins fell.

RVNL reported a 15.3% YoY increase in profits to Rs 343 crore, driven by healthy operating income and topline.

Muthoot Finance reported a standalone profit of Rs 975 crore, up 22% YoY.

Major results today: ITC, Divis Laboratories, Vodafone Idea, Aster DM Healthcare, Easy Trip Planners, Indiabulls Housing.

What Happened on Friday?

NIFTY started last week at 19,517 with a gap-up on Monday. There was an attempt to push the index down on Wednesday, but then NIFTY bounced back to the week’s high at 19,650 levels. The last 2 days were heavy selling days. NIFTY closed the week at 19,428, down by 89 points or 0.45% 

BANK NIFTY started last week at 44,993 and had 4 red candles. The index gave a proper breakdown by Friday and touched the 44,100 mark. BANK NIFTY closed the week at 44,199, down by 342 points or 0.77%. 

US markets closed in slight green on Friday. The European markets closed in deep red.

What to Expect Today?

The Asian markets are trading in deep red.

The U.S. Futures are trading slightly in the red.

GIFT NIFTY is trading in the red at 19,429.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 19,400, 19,300 19,240 and 19,100. We can expect resistances at 19,438, 19,560 and 19,620 and 19,720.

BANK NIFTY has supports at 44,100, 44,000, 43,840 and 43,750. Resistances are at 44,277,  44,520, and 44,800.

FIN NIFTY has supports at 19,730, 19,620, and 19,500. We can expect resistances at 19,730, 19,900, 20,000.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,400. PCR is at 0.63.

BANK NIFTY has the highest call OI build-up at 44,500. The highest put OI build-up is also at 44,000. PCR is at 0.64.

FIN NIFTY has OI buildup between 19,500-20,000. PCR is 0.52 [overly bearish].

In the week, Foreign Institutional Investors net-sold shares worth Rs 3,073.28 crores. Domestic Institutional Investors net-bought worth Rs 500.35 crores.

INDIA VIX is at 11.55.

All global markets are trading in the red to start the week. As we had discussed, Friday was a trendsetter day for this week, and now we can see early signs of bearishness.

Bank Nifty has a crucial support at 44,100 from where bounce is important. NIFTY has similarly important support at 19,300.

FIIs sold heavily in the market on Friday, will be interesting to see what they do today.

The heavy call OI buildups across the market indicates bearishness for now. But these short-sellers might get in trouble in case of heavy buying because even though some supports have been broken, the movement range has not been high.

Do remember that tomorrow is a market holiday on account of Independence Day, and the premiums will move accordingly. That means the FINNIFTY expiry will be today, trade accordingly!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

NIFTY to Open Flat. Trend Setting Day for Next Week! – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

U.S. inflation data for July came out better than expected, with traders betting this would signal a pause in interest rate hikes. The U.S. markets rallied in the first half and then fell back.

Stocks

Hero MotoCorp recorded a standalone profit of Rs 824.72 crore, rising 32% YoY.

LIC reported huge profits of Rs 9,543.7 crore, due to a one-time event. Net premium remained flat.

Apollo Tyres reported consolidated profit at Rs 396.9 crore, up by 124% YoY as raw material costs fell.

Mazagon Dock Shipbuilders saw a 40% YoY growth in consolidated profit at Rs 314.3 crore.

SAIL reported a consolidated profit of Rs 212.5 crore, down 73.6% YoY as revenues stayed flat.

HCL Technologies has signed a mega deal with Global 100 Corp with an estimated new total contract value of $2.1 billion over the term.

Major results today: IRFC, Muthoot Fin, Spicejet, ONGC, Nykaa, Apollo Hospital, Cochin Shipyard, HAL, Voltas

What Happened Yesterday?

NIFTY started the day flat at 19,605, slightly up. Consolidation till 10 AM was followed by quick up moves then a fall. Eventually touching the day low once again, NIFTY closed at 19,543, down by 89 points or 0.46% 

BANK NIFTY started the day at 44,797 with a gap-down. It tried to move near the 45k levels but saw a 500-point fall in 20 mins. The index mostly consolidated, with a bearish bias. BANK NIFTY closed the day at 44,541, down by 338 points or 0.76%. 

US markets closed flat after another day of high volatility. The European markets closed in green.

What to Expect Today?

The Asian markets are trading mixed.

The U.S. Futures are trading slightly in the green.

GIFT NIFTY is trading flat at 19,554.

All the factors combined indicate a flat to small gap-up opening in the market.

NIFTY has support at 19,566, 19,530 and 19,438. We can expect resistances at 19,617, 19,658, and 19,720. 

BANK NIFTY has support at 44,400, 44,277 and 44,000. Resistances are at 44,600, 44,800, 44,900 and 45,100.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,500. PCR is at 0.83.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is also at 44,500. PCR is at 0.79

Foreign Institutional Investors net-bought shares worth Rs 703 crores. Domestic Institutional Investors net-bought worth Rs 331 crores.

INDIA VIX is at 11.14.

U.S. markets closed much lower from the day-high, but still in the green. Inflation data came out better than expected but is still not under control.

NIFTY is consolidating between the ranges of 19,650 and 19,300 for the last week. Although there is huge intraday volatility, only these levels breaking will indicate a larger move.

Both NIFTY and BANK NIFTY option sellers have started making aggressive positions on the call side. If this is seen repeating today, it might set an overall bearish theme for next week’s trade.

On the other hand, FIIs have returned to the cash market buying multiple days in a row. Their involvement might take the market up.

For a larger picture of the week, do keep in mind 19,300 and 19,650.

So after a crazy week, let us hope for a calm and peaceful expiry on 17th August.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. We will be entering new trades today!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

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Daily Market Feed Pre Market Report

Expect Volatility! Will Call Sellers Win BANK NIFTY? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Banking and financial services, real estate, and auto sectors will be in focus around the RBI Interest Rate decision at 10 AM.

Stocks

ZEEL reported a 97% YoY fall in profit to Rs 3.87 crore due to exceptional losses. Revenue increased by 7.6% and subscription revenue also increased.

Axis Bank’s board has approved for fresh capital infusion of Rs 1,612 crore in Max Life, taking total stake to over 19%.

Tata Power reported a 22% YoY increase in consolidated profit to Rs 972.5 crore.

Eicher has announced a partnership with Amazon. The e-commerce giant has committed to buying 1,000 electric trucks.

BSE reported 10x growth in consolidated profit to Rs 442.66 crore, due to a 5% stake sale in CDSL and other income. Revenue grew by 15.4% on-year to Rs 215.62 crore.

Major results today: Hero Motocorp, Manappuram, Grasim, LIC, Apollo Tyres, SAIL

What Happened Yesterday?

NIFTY started the day flat at 19,578. Yesterday’s low was broken immediately and there was consolidation near 19,470. But after noon, a crazy rally was seen even crossing the day-high. NIFTY closed at 19,632, up by 61 points or 0.32%.

BANK NIFTY started the day flat at 44,973 and fell. Banks also rallied up in the second half and the index moved back up 400 points. However, the day’s high was not broken. BANK NIFTY closed at 44,880, down by 83 points or 0.19%. 

Even with the crazy moves, important levels were respected in the market.

What to Expect Today?

US markets closed in the red after high volatility. The European markets closed in green.

The Asian markets are trading mixed.

The U.S. Futures are trading in the green.

GIFT NIFTY is trading flat at 19,604.

All the factors combined indicate a flat opening in the market.

NIFTY has support at 19,617, 19,566, 19,530 and 19,438. We can expect resistances at 19,617, 19,658, and 19,720. 

BANK NIFTY has support at 44,800, 44,520, 44,277 and 44,000. Resistances are at 44,900, 45,100, 45,229 and 45,472. 

NIFTY has the highest call OI build-up at 19,800. The highest put OI build-up is at 19,500. PCR is at 1.09.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is also at 45,000. PCR is at 0.71.

Foreign Institutional Investors net-bought shares worth Rs 644 crores. Domestic Institutional Investors net-sold worth Rs -597 crores.

INDIA VIX is at 11.14.

U.S. markets had a highly volatile day again but closed in the red again. Futures are in the green, there is a higher chance for our markets to open flat.

NIFTY technicals indicate consolidation with a bearish bias. There are once again heavy call sellers in the market.

Bank Nifty put sellers had exited positions even with the afternoon rally. This gives some breathing space for the index on the lower side. However, there are 4 lakh call contracts at 45,000. If the 45,100 is crossed, I expect a good rally in the index as FIIs have returned as buyers.

NIFTY’s technical data is indicating bullishness, with a strong green candle yesterday. We will need to watch 19,650.

RBI Interest Rate Decision Today:

All eyes will be on the RBI Monetary Policy decision to be announced at 10 AM today by Shaktikanta Das. Expect some volatility around the time of the announcements.

2 factors will play out today: increased vegetable inflation and surplus liquidity in the banking system reaching a 14-month high(this leads to high inflation). But the expectation is that RBI will keep interest rate the same for now.

Just like we expected, Wednesday’s trading session was a dhamaka. Today, it would be best to trade with levels and your strategy with strict stop-losses, rather than trying to predict where the market will go.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

Ensure you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!