NiftyFuture last close: 14685.80
NiftyFuture was opened gap down almost 175 points and recovered entire loss on May 3, 2021
NF was opened at 14540 and made a low of 14461 then bulls managed and went to 14745
Do you know ? NF if comes lower levels like 14200-14400 seen huge buying and recovered entire loss in last many days. Yesterday too
NiftyFuture reclaimed flat while the Sensex was down 63 points
Virus cases going down in many states. Positive news
Metals, FMCG, Financials and Telecom was seen buying action
Hdfcbank helped to lift the bank index and stock surged almost 2% in last 1 hour
Indusindbank and Kotakbank did not well after the earnings report
Suntv fell more than 6% I told on yesterday in pre-market report expect profit booking
Example: Buy on rumour and sell on news
Adani group of stocks shot up and Adaniports will be declaring earnings report on Today
Adanient will declare earnings report on Wednesday
VIX index sustained 23. Option premium was seen too high
PE premium seen very high compared to CE premium
RBI imposes Rs 3 crore penalty on Icicibank
Chemplast Sanmar files Rs 3500 crore IPO papers
On global side, US markets ended higher on Monday.
Dow rose 0.7% and S&P500 gained 0.27%
Asian markets seems mixed trend on Tuesday’s opening
Today following company will be declaring earnings reports Adaniports, L&T Infotech, RBLBank
FIIs net sold Rs 2289 crore while DIIs net bought Rs 552 crore in cash segment
Suntv under the F&O ban for May 4
SGXNifty indicate a negative opening for the index and likely to witness highly volatile during the day
NiftyFuture formed a small bodied bullish candle on May 3 which was indicating buying was seen in lower levels
NF is facing a intraday resistance 14745 and 14770. If stays above 14770 will try to move 14830. But stay caution at higher levels.
Today NF can be considered as supports as 14660, 14630 and 14590
Below 14590……… Next intraday support around 14540-14460
More live market update will be sent to my clients only
Updated: 08.27 am / 04th May 2021
