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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!

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Daily Market Feed Pre Market Report

U.S. Market Recovers. NIFTY to Open Strong – Pre-Market Analysis Report

The U.S. market fell yesterday as a reaction to Moody’s rating agency downgrading the outlook on 10 banks in the country.

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

Stocks

Coal India reported a fall in consolidated profit of 10.1% on-year to Rs 7,941.4 crore, but still beating street estimates.

Oil India reported a standalone profit of Rs 1,613.4 crore, down 9.78% YoY.

Prestige Estates reported consolidated profit at Rs 267 crore, up 30.3% YoY despite lower revenue.

Aarti Industries reported a 48.5% YoY fall in consolidated profit at Rs 70 crore, as revenues also fell.

Major results today: Tata Power, ZEEL, Trent, Sula Vineyards, IRCTC, Kalyan, Berger Paints.

What to Expect Today?

NIFTY started the day at 19,630, with a small gap-up. But a quick fall was seen. Support was taken at yesterday’s low and a small bounce was seen. NIFTY closed the day at 19,570, down by 26 points or 0.13%. 

BANK NIFTY started the day at 44,926 and had another day of consolidation. It tried to break out in the morning but took resistance at Friday’s high. BANK NIFTY closed the day at 44,964, up by 127 points or 0.28%. 

The U.S. markets closed in the red but recovered heavily from day-lows. The European markets closed in the red.

The Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in the green at 19,601.

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

NIFTY has supports at 19,566, 19,530 and 19,438. We can expect resistances at 19,617, 19,658, and 19,720. PCR is at 0.82.

BANK NIFTY has supports at 44,794, 44,600, 44,277 and 44,000. Resistances are at 45,229, 45,472, and 45,635. PCR is at 0.84.

NIFTY has the highest call OI build-up at 19,600. The highest put OI build-up is at 19,500. PCR is at 0.82.

BANK NIFTY has the highest call OI build-up at 45,000. The highest put OI build-up is also at 45,000. Interesting to see the high straddle buildup at this level. PCR is at 0.84.

Foreign Institutional Investors net-sold shares worth Rs -711 crores. Domestic Institutional Investors net-bought worth Rs 537 crores.

INDIA VIX jumped 2% up to 11.32.

U.S. markets had an amazing recovery through the day, even though they still closed in the red. It went from 1.3% in the red to just 0.45% in red.

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

The 45,000 strike is turning into a straddle for Bank Nifty with a high pu selling yesterday. This means that an up move in Bank Nifty will NOT immediately trigger short-covering moves, it would take some time.

China’s inflation is down 0.3% YoY with disappointing trade data. Global markets look unreactive to the news.

Just two more trading sessions to expiry and surely it will be a dhamaka. Tomorrow, we have both RBI policy meeting and U.S. inflation data coming out.

I expect markets to trade inside our ranges for today like FinNifty yesterday. Do keep in mind the supports and resistances marked above for further levels in case of big moves.

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

GIFT NIFTY in Red ahead of Key Data – Pre-Market Analysis Report

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

Stocks

Godrej Consumer reported a consolidated profit of Rs 318.8 crore for the quarter, falling 7.6% YoY due to one-time costs.

Tata Chemicals reported a profit of Rs 523 crore for Q1, falling 11.8% YoY due to lower margins.

RailTel received a work order for monetisation of a city network infrastructure on revenue sharing model. The estimated total revenue from the contract is Rs 70 crore over 10 years.

PB Fintech (Policybazaar) reduced its losses to Rs 12 crore for Q1, compared to a loss of Rs 204 crore last year.

Sobha registered a profit of Rs 12.05 crore for the quarter, growing 165% over the year-ago period despite a fall in operating performance.

Major results today: Coal India, Hindalco Industries, Adani Ports, Oil India, Prestige Estates Projects

What to Expect Today?

NIFTY started the day at 19,559, with a small gap-up. Support was taken around Friday’s high, but started moving up by noon. NIFTY closed the day at 19,597, up by 80 points or 0.41%. 

BANK NIFTY started the day at 44,934 and had a consolidation day. It was the narrowest trading zone since June 28 for the index. BANK NIFTY closed the day at 44,837, down by 42 points or 0.09%. 

US markets closed in the green. The European markets closed flat.

The Asian markets are trading mixed, as they wait for China’s inflation data tomorrow.

The U.S. Futures are trading flat.

GIFT NIFTY is trading slightly in the red at 19,646.

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

NIFTY has supports at 19,566, 19,530 and 19,438. We can expect resistances at 19,617, 19,658, and 19,720. PCR is at 1.08. Heavy put selling was seen yesterday.

BANK NIFTY has supports at 44,600, 44,277 and 44,000. Resistances are at 45,229, 45,472, and 45,635. PCR is at 0.71.

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

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

Foreign Institutional Investors net-sold shares worth Rs 1,892 crores. Domestic Institutional Investors net-bough worth Rs 1,080 crores.

INDIA VIX jumped 5% to 11.10.

U.S. markets have moved up overnight, ahead of the country’s inflation data on Thursday night. This comes even after Fed members said further interest rate hikes would be necessary, and the bond market is ready for a breakout.

NIFTY technicals and options data indicate bullishness for the week, while Bank Nifty does not. 

For FINNIFTY, I will be selling 19,900-20,200 to start off the day. If premiums are higher, even further away strikes will be looked at.

It is interesting to see that our market might open flat even with U.S. 1% in the green. Bank Nifty option sellers will be happy, as there was heavy call writing yesterday.

Speaking of this, do be aware that there are 3 lakh+ contracts at the 45k call strike. This would be a very tough resistance to break and will turn into a support once broken.

Do be aware that on Thursday morning 10 AM, RBI will be having its policy meeting where the expectation is for interest rates to remain unchanged.

So till then, markets are most likely to trade in a range.

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

Can Markets Break the Volatile Consolidation? – Pre-Market Analysis Report

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

Stocks

Britannia reported a consolidated profit of Rs 455.45 crore for the quarter, growing 35.65% YoY with an increase in revenue and margins.

Bank of Baroda reported an 87.7% YoY growth in profit at Rs 4,070.1 crore, even with higher provisions for bad loans. Deposits and loans saw high growth.

ICICI Bank has received approval from RBI to increase shareholding in ICICI Lombard Insurance up to an additional 4%.

Delhivery’s net loss fell to Rs 89.5 crore for the quarter, compared to a loss of Rs 399.3 crore last year.

BHEL has reported a higher net loss of Rs 343.9 crore for Q1, compared to a loss of Rs 188 crore in the same period last year. Revenue grew 7%.

Balkrishna Industries, the tyre maker, has reported a consolidated profit of Rs 331.9 crore, up 8% YoY. Margins increased even as revenue fell.

Major results today: PB Fintech, Barbeque-Nation Hospitality, Sun Pharma Advanced Research (SPARC), Tata Chem, Torrent Pharma, Ramco Cements and Olectra.

What Happened on Friday?

NIFTY started the week at 19,666, ready for a bounce back. But Tuesday, Wednesday and Thursday were good red candles. Support was taken around 19,300 on Thursday, and NIFTY closed the week at 19,517, down by 149 points or 0.75%. 

BANK NIFTY started the week at 45,546 and followed a similar pattern to NIFTY. There was a move of 1,500 points from the week’s high to the low, as the index took support at 44,280. BANK NIFTY closed the week at 44,879, down by 667 points or 1.46%. 

What to Expect Today?

On Friday, the US markets closed in the red. The European markets however closed in the green.

The Asian markets are trading flat to green.

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

GIFT NIFTY is trading slightly in the green at 19,620.

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

NIFTY has supports at 19,438, 19,400 and 19,300. We can expect resistances at 19,566, 19,617, and 19,658.

BANK NIFTY has supports at 44,600, 44,277 and 44,000. Resistances are at 45,229, 45,472, and 45,635.

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

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

Last week, Foreign Institutional Investors net-sold shares worth Rs -566 crores. Domestic Institutional Investors net-bough worth Rs 366 crores.

INDIA VIX is back to 10.56 levels.

U.S. jobs data on Friday did not cause any major surprises for the market.

However, Asian markets are trading cautiously ahead of China’s trade balance for Tuesday and inflation data on Wednesday.

International crude oil prices have increased 20% in the last 2 months and might cause troubles in the Indian markets if it moves higher.

NIFTY is now trading inside the consolidation zone of early July. The technicals and options data indicate that an upward rally might be limited for the week.

Bank NIFTY has reached back to early June consolidation levels.

A close below 19,330 levels will indicate bearishness for NIFTY, but looks like the market will hold up above that easily.

Breaking 19,650 levels will indicate strength in the market.

Friday’s craziness with Bank Nifty might be seen throughout the week. Look out for movements in IndusInd Bank and ICICI Bank.

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 Back to Consolidation Zone. SBI Results Out Today – Pre-Market Analysis Report

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

Stocks

Bharti Airtel registered a profit of Rs 1,612.5 crore for Q1, falling 46.4% QoQ impacted by a one-time foreign exchange loss of Rs 3,416 crore.

Eicher Motors has registered its highest-ever quarterly revenue, EBITDA and profit. Profit shot up 50.4% year-on-year to Rs 918.3 crore

Paytm has recorded merchant payment volumes at Rs 1.47 lakh crore for July 2023, growing 39% YoY. The loan distribution business is growing at 148% YoY.

LIC Housing Finance registered a 43% YoY growth in profit at Rs 1,323.7 crore for the quarter, beating estimates.

Hindalco Industries has won the bid to mine the Meenakshi West coal mine in Odisha.

Titan reported a 4% fall in net profit at Rs 753 crores. Margins of the company fell.

Indigo reported a net profit of Rs 3,090 crore, beating street estimates. Revenue jumped up 30% YoY.

HPCL reported a net profit of Rs 6,765.5 crore for Q1, v/s net loss of Rs 8,557.12 crore last year. It is still lower than expected as margins fell.

Major results today: State Bank of India, M&M, Britannia Industries, Shipping Corp, IDFC, Devyani International

What Happened Yesterday?

NIFTY started the day at 19,463 with a gap-down of 62 points. Initially, the index tried moving up, but 19,500 now turned into resistance. Failing to break the level, a crash without a retracement to 19,300 was seen. NIFTY closed at 19,381, down by 144 points or 0.74%. 

BANK NIFTY started the day at 44,862 with a gap-down of 132 points. It tried moving above 45,000 but found resistance. A fall of 750 points was seen after which BANK NIFTY closed at 44,513, down by 482 points or 1.07%. 

What to Expect Today?

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

The Asian markets are trading mixed.

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

GIFT NIFTY is trading slightly in the green at 19,486.

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 19,438, 19,513, and 19,566.

BANK NIFTY has supports at 44,280, 44,150 and 44,000. Resistances are at 44,600, 44,900 and 45,229.

NIFTY has the highest call OI build-up at 19,500 and 20,000. The highest put OI build-up is at 19,400 and 19,200. 

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

Foreign Institutional Investors net-sold shares worth Rs -317 crores. Domestic Institutional Investors net-bough worth Rs 1729 crores.

INDIA VIX cooled 9% to 11.18.

The international markets did not show strength or a bounce back yesterday, even though NIFTY held on strong till noon. But just after noon, the 19,400 level was broken and another quick 100-point fall was seen. A bounce is what we expected but breaking important levels meant more fall.

NIFTY has now fallen 3% from its all-time high.

Support was taken at the level of 19,300 which was the level from early July in NIFTY. Bank NIFTY has reached back to early June consolidation levels.

You can expect consolidation from these zones with a very low chance of falling below 19,000. A quick rally back to all-time highs is not expected unless triggered by huge FII buying.

Otherwise, expecting a trading range of 19,100-19,650 for this week which will change according to market conditions.

Watch out for SBI volatility around the results, this may create some buzz!

We will be entering our new Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) today. 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

U.S. Markets also Fall. NIFTY to Open Flat – Pre-Market Analysis Report

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

Stocks

JSW Steel signed a joint-venture deal with Japan’s JFE Steel to produce cold-rolled silicon steel. The project cost is Rs 5,500 crore and will be financed by a mix of equity and debt.

Vedanta’s promoter group Twin Star Holdings is looking to sell a 4.3% stake via a block trade, for at least Rs 4,136 crore. 16 crore shares are being sold at a floor price of Rs 258.5/share, at a discount of 5% on Wednesday’s closing price.

Both houses of Parliament have cleared the Amendment Bill which opens up mining of deep-seated minerals like lithium mining to private players. 

Sheela Foam approved raising up to Rs 1,200 crore via Qualified Institutional Placement, and another Rs 600 crore via bonds.

Hindalco Industries has won the bid to mine the Meenakshi West coal mine in Odisha.

Titan reported a 4% fall in net profit at Rs 753 crores. Margins of the company fell.

Indigo reported a net profit of Rs 3,090 crore, beating street estimates. Revenue jumped up 30% YoY.

HPCL reported a net profit of Rs 6,765.5 crore for Q1, v/s net loss of Rs 8,557.12 crore last year. It is still lower than expected as margins fell.

Major results today: Adani Enterprises, Adani Power, Bharti Airtel, Dabur 

What to Expect Today?

NIFTY started the day at 19,655 with a gap-down. It moved down from the first candle while respecting technical supports. After touching a day-low of 19,423, the index bounced 100 points. NIFTY closed at 19,526, down by 207 points or 1.05%.

BANK NIFTY started the day at 45,234 near an important zone. The index continued to fall, and went till near 44,700 levels. BANK NIFTY closed at 4,995, down by 596 points or 1.31%. 

US markets closed in the red, with NASDAQ down 2%. The European markets closed in the red.

The Asian markets are mostly trading in the red.

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

GIFT NIFTY is trading slightly in the green at 19,515.

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

NIFTY has supports at 19,513,19400 and 19,300. We can expect resistances at 19,566, 19,617, 19,658 and 19,760.

BANK NIFTY has supports at 44,900, 44,730 and, 44,600. Resistances are at 45,229, 45,472 and 45,635.

NIFTY has the highest call OI build-up at 19,800 and 19,600. The highest put OI build-up is at 19,500 and 19,400. PCR is at 0.56.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,000. PCR is at 0.57. 

Foreign Institutional Investors net-sold shares worth Rs -1877 crores. Domestic Institutional Investors net-sold worth -2 crores.

INDIA VIX jumped 9% to 11.27.

Yesterday’s big news was the U.S. credit rating downgrade by Fitch. This resulted in our market falling more than 1%.

When the U.S. markets opened, it looked like it would not fall much but eventually fell more than 1%.

Our market was driven by the news, added to the rolling away of aggressive put sellers at 19,700 and 19,600.

Watch out for Adani Enterprises’ results today.

NIFTY has treated it as the correction it was waiting for but still held strong over 19,500. Bank Nifty however fell into the previous consolidation zone in the daily charts.

With it being the monthly expiry, do have a watch out for volatility carried on from yesterday. If the international markets stabilise, we may see an upward towards the second half with the aggressive sellers at 19,600 rolling away!

We will be trading Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) today. 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

Markets to Open Lower with U.S. Ratings Downgrade – Pre-Market Analysis Report

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

Rating agency Fitch downgraded the US credit rating by one step to AA+, citing expected fiscal deterioration over the next three years and growing general government debt burden.

Stocks

Maruti Suzuki produced 1.86 lakh vehicles in July, up 1% YoY. Maruti is also going to acquire a 100% stake in Suzuki Motor Gujarat(SMG) from the Japanese parent company – Suzuki Motor Corporation. This was one of the major issues with long-term investment in the stock – Why You Should NOT Invest in Maruti Suzuki.

TVS Motors has announced sales volume at 3.26 lakh units for July 2023, up 4% YoY. This was majorly contributed by domestic business, while exports fell. Electric scooter sales doubled from last year.

Hero Motocorp’s 2 offices and the residence of the executive chairman were raided yesterday by the Enforcement Directorate. 

DLF promoter and chairman emeritus sold his entire stake of 0.59% in the company for Rs 730 crores.

Royal Enfield reported total sales growth of 32% year-on-year to 73,117 motorcycles. Contributed by domestic growth, exports dropped 20%.

Major results today: Titan, Ambuja Cements, HPCL, Indigo, Mankind Pharma, Godrej Properties, IOB

What to Expect Today?

NIFTY started the day at 19,784 with a small gap-up. It tried to move up but failed, and eventually consolidated with a bearish bias. NIFTY closed at 19,733, down by 20 points or 0.1%.

BANK NIFTY started the day at 45,740 and consolidated. But after 1 hour, it lost strength and moved down. BANK NIFTY closed at 45,592, up 58 points or 0.13%.

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

The Asian markets are mostly trading in the red.

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

GIFT NIFTY is trading in the red at 19,747.

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

NIFTY has supports at 19,760, 19,660, 19,617 and 19,566. We can expect resistances at 19,784, 19,846 and 19,920.

BANK NIFTY has supports at 45,472, 45,230, and 44,900. Resistances are at 45,860, 46,000, and 46,240.

NIFTY has the highest call OI build-up at 19,800. The highest put OI build-up is at 19,600 and 19,700. PCR is at 0.79.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,500. Call sellers in the 45,500 straddle running away. PCR is at 0.76. 

Foreign Institutional Investors net-sold shares worth Rs -92 crores. Domestic Institutional Investors net-bought worth 1,035.69 crores.

INDIA VIX is at 10.28.

Reliance dragged the market down yesterday, while HDFC Bank and Infy moved it up.

The market was trying to stay up and consolidate near this zone before a breakout. But looks like the global markets are not playing along!

A gap-down of 50 points is expected and you know the major levels to watch out for from above. The put sellers at 19,700 will be okay, as they are mostly straddle positions. If the market moves towards 19,600 levels, the sellers there will cover their positions and drag NIFTY down to 19,500 zones.

Global markets which were consolidating near their all-time highs, might see a small correction, but not expecting huge reactions as we can see from U.S. futures.

So watch out for initial weakness, but a rebound towards the second half of the day if European markets move to green.

Tomorrow is the first expiry of the August series. Hope you have a strong 2 days of trading ahead!

We will be trading Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) today. 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

Can FinNIFTY Expiry Trigger Fresh Breakout? – Pre-Market Analysis Report

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

Stocks

Maruti Suzuki recorded a 145.4% YoY growth in standalone profit at Rs 2,485.1 crore for the quarter, with a 22% growth in revenue.

Power Grid reported a 6% year-on-year decline in standalone profit at Rs 3,542.65 crore.

South Indian Bank’s board has approved the raising of funds up to Rs 1,000 crore from the issuance of equity shares, and Rs 500 crore through bonds.

Europe-based financial group Societe Generale has bought a 1.08% stake in Bandhan Bank from the open market for Rs 382 crores.

Major results today: Adani Total, Welspun, Triveni Turbine, GMDC, Thyrocare

What to Expect Today?

NIFTY started the day at 19,666 with a small gap-up. After the initial fall, it took support and moved up. The 3 PM candle also gave a breakout and NIFTY closed at 19,753, up by 107 points or 0.55% from last week.

BANK NIFTY started the week at 45,546 and fell 200 points. But support was taken like NIFTY and the index hit fresh day-highs. BANK NIFTY closed at 45,651, up 183 points or 0.4%.

US markets closed in the green. The European markets closed flat.

The Asian markets are mostly trading in green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,883.

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

NIFTY has supports at 19,660, 19,617 and 19,566. We can expect resistances at 19,760, 19,846 and 19,920.

BANK NIFTY has supports at 45,472, 45,230, and 44,900. Resistances are at 45,860, 46,000, and 46,240.

NIFTY has the highest call OI build-up at 19,800. The highest put OI build-up is at 19,600. There was a high put OI buildup yesterday, with call sellers rolling away farther. PCR is still bearish at 0.85.

BANK NIFTY has the highest call OI build-up at 46,000. The highest put OI build-up is at 45,500. The call sellers at 45,500 rolled away aggressively, bringing PCR to 0.90.

Last week, Foreign Institutional Investors net-sold shares worth Rs 701 crores. Domestic Institutional Investors covered up for it by buying shares worth Rs 2488 crores.

INDIA VIX is at 10.41, its worst-ever monthly closing level.

The July month’s candle has closed strongly which indicates the continued presence of bulls. The short covering of 19,800 is still possible if NIFTY aggressively tries to move up today, the strike is just 50 points away.

Otherwise, markets are indicating consolidation with a bullish bias in technicals, even as FIIs sell. Let us see if the PCR shifts to indicate this sentiment today and tomorrow.

Global markets are also consolidating near their all-time highs.

For the Fin NIFTY expiry, the levels to watch out for are very clear between 20,200 and 20,420. A breakout in HDFC Bank can contribute to a move above 19,800 for NIFTY too!

As a new month starts, industrial data will soon start coming out. The U.S. Jobs data also will come out this week, which should not move the market if there are no big surprises.

Hope you have an amazing trading day 🔥

We will be trading Smart Money(NIFTY) and Piggy Bank(BANK NIFTY) today. 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!