Tag: nifty next 50

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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!