Tag: markets today

Categories
Daily Market Feed Pre Market Report

Will Global Markets Create Trouble? – Pre Market Analysis Report

What Happened Yesterday?

NIFTY started the day at 19,526 with a 90-point gap-up and fell. It took support near Friday’s high in the first half of the day and bounced back slowly. After hitting a day-high towards the end, NIFTY closed at 19,528, up by 93 points or 0.48%.

BANK NIFTY started the day flat at 44,656 with a 200-point gap-up. Just like NIFTY, it fell and then bounced back with a V-shaped pattern to the day-high. BANK NIFTY closed at 44,578, up by 142 points or 0.32%.

U.S. markets were closed for Labour Day. The European markets closed slightly in the red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,591.

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

NIFTY has supports at 19,500, 19,400 and 19,300. We can expect resistances at 19,560, 19,650 and 19,720.

BANK NIFTY has supports at 44,520, 44,277 and 44,150. Resistances are at 44,600, 44,800 and 45,000.

FIN NIFTY has supports at 19,730, 19,620, 19,500. We can expect resistances at 19,800, 19,900, 20,000.

NIFTY has the highest call OI build-up at 19,700. The highest put OI build-up is at 19,400. PCR is at 1.31.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is at 44,000. PCR is at 1.18.

FINNIFTY has the highest call OI build-up at 19,900. The highest put OI buildup is at 19,600. PCR is at 0.96

Foreign Institutional Investors net-sold shares worth Rs 3,367 crores. Domestic Institutional Investors net-bought worth Rs 2,563 crores last week.

INDIA VIX fell to 10.96.

Markets impressively showed strength towards the end with a good recovery from day low. Even with the Doji candle on NIFTY, there was good buying from the bottom. BANK NIFTY also saw good buying.

But it looks like the global markets are also cooling down after their recent rally.

IT stocks are the hope for NIFTY today. They were rallying yesterday and kept NIFTY in the green. If they can hold some strength today, we can expect the market to hold strong and bounce after the gap down.

The U.S. markets were closed yesterday night, but the futures are still trading flat.

So a gap-down opening, some recovery and consolidation is what I personally expect in the market. 

Let’s hope that yesterday’s lows are respected!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out 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!

Categories
Daily Market Feed Pre Market Report

Can Markets Continue the Bullishness? – Pre Market Analysis Report

What Happened Yesterday?

NIFTY started Friday flat at 19,258. Right from the first candle, the index moved up with strength and shot up over 200 points. NIFTY closed at 19,435, up by 181 points or 0.94%.

BANK NIFTY started the day flat at 43,996 and fell a bit. But it soon found strength and showed a solid upward rally of more than 700 points. BANK NIFTY closed at 44,436, up by 446 points or 1.02%.

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

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 19,566.

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

NIFTY has supports at 19,400, 19,300 and 19,240, 19,100. We can expect resistances at 19,438, 19,560, 19,650 and 19,720.

BANK NIFTY has supports at 44,277, 44,150, 43,830 and 43,680. Resistances are at 44,600, 44,800 and 45,000.

FIN NIFTY has supports at 19,730, 19,620, 19,500. We can expect resistances at 19,800, 19,900, 20,000.

NIFTY has the highest call OI build-up at 19,500 and 19,550. The highest put OI build-up is at 19,300. PCR is at 1.25.

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 1.15.

FINNIFTY has the highest call OI build-up at 19,900. The highest put OI buildup is at 19,200 and 19,500. PCR is at 1.15

Last week, Foreign Institutional Investors net-bought shares worth Rs 487 crores. Domestic Institutional Investors net-bought worth Rs 2,294 crores last week.

INDIA VIX fell to 11.36.

NIFTY created a good bullish green candle on Friday. It completely engulfed Thursday’s candle but found resistance at the week’s high of 19,450.

However, Bank Nifty closed 350 points away from Wednesday’s high. FINNIFTY is also moving with identical patterns.

Will have to see if Kotak shares react as Uday Kotak resigned 4 months ahead of the earlier plan. Hopefully, it will not.

In the last many weeks, Friday’s trade has been an indication of how the next week might go. This Friday closed well in the green with good put selling in the market.

This gives an early indication that short-term bullishness exists. Expecting a bullish closing today.

In Friday’s job report, the US added more jobs than expected, but the unemployment rate hit the highest level since February 2022. Markets didn’t react too much.

Crude oil prices have also given a breakout and moved up to $88/barrel. Watch out Reliance for a positive move, and paint stocks for a negative move.

The Fed Interest rate hike decision is coming in the middle of September. Market participants are expecting no rate hikes, hence the recent positivity.

Let’s hope the positivity continues in the market for this week!

Follow along with Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

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

Categories
Daily Market Feed Pre Market Report

Trend Defining Day for Next Week! – Pre Market Analysis Report

What Happened Yesterday?

NIFTY started the day at 19,375 with a small gap-up of and fell immediately. It shot back up to the day-high then fell again, and this volatility kept on repeating. By the evening, NIFTY had fallen and closed at 19,253, down by 93 points or 0.48%.

BANK NIFTY started the day flat at 44,265. After the initial volatility, it took resistance from 44,400 levels and fell nearly 500 points. In between, there were recovery attempts, but the selling continued. BANK NIFTY closed at 43,989, down by 243 points or 0.55%.

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

What to Expect Today?

Few Asian markets are trading mixed.

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

GIFT NIFTY is trading flat at 19,424.

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

NIFTY has supports at 19,240, 19,200 and 19,100. We can expect resistances at 19,300, 19,360 and 19,400.

BANK NIFTY has supports at 43,950, 43,830 and 43,680. Resistances are at 44,151, 44,277 and 44,520.

NIFTY has the highest call OI build-up at 19,400. The highest put OI build-up is at 19,200. PCR is at 0.70.

BANK NIFTY has the highest call OI build-up at 44,500. The highest put OI build-up is at 44,000, with a good straddle buildup. PCR is at 0.68.

Foreign Institutional Investors net-sold shares worth Rs 2,973 crores. Domestic Institutional Investors net-bought worth Rs 4,382 crores.

INDIA VIX increased to 12.06.

Adani stocks were under pressure yesterday due to fresh allegations that the promoter group pumped up stocks using foreign entities.

Bank Nifty also came under good selling pressure and kept on falling on every rise.

The U.S. markets have also broken a 4-day losing streak and closed in red. The month of August closed in red for our markets as well as most international ones.

Friday’s are turning out to be trend-defining days for the rest of the week.

From today, weekly expiries in BANK NIFTY will be on Wednesday. So do keep in mind that premiums would move differently.

There is still a gap to be filled for NIFTY between 19,240 and 19,200. My expectation is that a bounce will come from this zone, preventing NIFTY from falling deeper.

But trades will be taken based on other factors as well for the day, including support resistances and open interest data. The opening move is likely to be bearish.

We are starting the week 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!

Categories
Daily Market Feed Pre Market Report

Monthly Expiry is Here. Will the Volatility Continue? – Pre Market Analysis Report

What Happened Yesterday?

NIFTY started the day at 19,433 with a good gap-up of 90 points. It tried to move up and even cross the day-high in the morning but fell sharply after 2 PM. NIFTY closed at 19,347, up by 5 points or 0.02%.

BANK NIFTY started the day at 44,706 with a gap-up of 211 points, and mostly consolidated. In the morning itself, the day-low was broken. And the afternoon, it fell sharply to the week’s low. BANK NIFTY closed at 44,232, down by 262 points or 0.59%.

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

What to Expect Today?

The Asian markets are trading mostly in the green.

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

GIFT NIFTY is trading flat at 19,372.

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

NIFTY has supports at 19,300, 19,240, and 19,200. We can expect resistances at 19,360 19,400 and 19,500.

BANK NIFTY has supports at 44,150, 43,950 and 43,830. Resistances are at 44,277, 44,520 and 44,600.

NIFTY has the highest call OI build-up at 19,500. The highest put OI build-up is at 19,300. PCR is at 0.75.

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 0.57.

Foreign Institutional Investors net-sold shares worth Rs 494 crores. Domestic Institutional Investors net-bought worth Rs 1,323 crores.

INDIA VIX is slightly lower at 11.80.

Both smallcap and midcap indices hit their all-time highs yesterday. 

Meanwhile, we saw afternoon falls in major indices – NIFTY and BANK NIFTY, contributed by HDFC Bank and ICICI Bank. 

Markets fell due to bad economic data in Europe. But the fall was more sponsored by the aggressive BANK NIFTY put sellers getting in trouble, with PCR moving from 1.03 to just 0.57.

As today is the monthly expiry, we can expect a good trading range in the market. Expecting some good volatile moves today and tomorrow for the market. 

Just like yesterday’s aggressive put sellers, there are strong call sellers in the market today. But for short-covering to be seen 44,400 and 44,500 would need to be broken.

Expecting a trading range between 44,000 and 44,400 to start off the day in BANK NIFTY, but will be a bit cautious for bigger moves. Looking at 19,300-19,500 in NIFTY. Positions will be taken even further from expected trading ranges.

Let’s see how the market makers take things up for the first half of the 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!

Categories
Daily Market Feed Pre Market Report

Where to for Thursday? – Pre-Market Analysis Report

What Happened Yesterday?

NIFTY started the day at 19,374 with a gap-up of 68 points. The index immediately fell back and consolidated in a 50-point range. NIFTY closed at 19,342, up by 36 points or 0.19%.

BANK NIFTY started the day at 44,655 with a gap-up of 160 points. Just like NIFTY, the index also fell at first then consolidated in a 120-point range. BANK NIFTY closed exactly at yesterday’s closing price of 44,495.

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 flat.

GIFT NIFTY is trading flat at 19,425.

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

NIFTY has supports at 19,300, 19,240, and 19,200. 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.

NIFTY has the highest call OI build-up at 19,500. The highest put OI build-up is at 19,300. PCR is at 0.82.

BANK NIFTY has the highest call OI build-up at 44,500. The highest put OI build-up is also at 44,500. PCR is at 0.90.

Foreign Institutional Investors net-bought shares worth Rs 65 crores. Domestic Institutional Investors net-bought worth Rs 305 crores for the week.

INDIA VIX is slightly lower at 12.25. 

FIIs have returned to the market as buyers but bought for a mere 65 crores. Markets have not lost their bullishness as shown by both smallcap and midcap indices trading near all-time highs.

Hope yesterday’s trading day in FINNIFTY went well. As it did not turn out to be a big movement day, Tuesday was a good day for option sellers. 

I still have an eye out for a good breakout in the market. Some factors that align well is the expected volatility of BANK NIFTY for the monthly expiry, and FIIs returning as net buyers.

Even with this expectation, we still have positions running in the market according to the current market conditions. Only when a move is confirmed, trades will be taken accordingly.

Reliance has filled a gap it created while moving up in July. HDFC BANK has also silently moved up. Let’s see if it will turn out to be an interesting expiry or another consolidating one!

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!

Categories
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!

Categories
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!

Categories
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!

Categories
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!

Categories
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!

Categories
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!

Categories
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!