10th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14869.55

Indian equities was rebounded in the first week of May which was helped global cues, RBI’s further liquidity measures for Covid-19 and improved vaccination drives

The Nifty50 was climbed 190 points at 14823 while the Sensex was up 425 points to 49206 during the week

The broader markets Mid-cap index gained 1.45% and Small-cap index surged 2.55%

NF was opened on 14835 and made a low of 14803 then went to 14908 on Friday

HDFC was helped to lift the index on last one hour

VIX fell more then 3% and option premium melting

US markets Dow and S&P500 hit record high on Friday

Dow shot up to 229 points, S&P500 added 30 points and Nasdaq climbed 120 points

Asian markets were set to higher opening on Monday

FIIs net sold Rs 5092 crore worth of equities whereas DIIs net bought Rs 2135 crore

SGXNifty indicate a gap up opening for the index and likely to witness range bound trade will be expected during the day

 NiftyFuture Trend Decider 15050 and 14450 for the 2nd week of May 2021

Today NiftyFuture is facing a intraday resistance 14925, 14960 and 15000

Once if breaks and manages above 15000, Finding a next resistance 15055

Thereafter expecting more bulls action!!

Today NF can be considered as supports as 14850, 14820 and 14770

Don’t short at very lower levels

More live market update will be sent to my clients only

Updated: 08.34 am / 10th May 2021

10th May 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 33038.40 (+0.3%)

SGXNifty indicates a gap up opening for the index and followed by bankindex to open 200+

BankniftyFuutre is facing a intraday resistance 33175 and 33330

If stays above 33330 and manages above the level, Will try to move 33550+

BNF can be considered as supports as 32980, 32860 and 32650

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.24 am / 10th May 2021

10th May 2021 Hot Stocks and Stocks To Watch

Last close: 2496.75 (+2.7%)

HDFC announced good earnings report and stock spiked 2.7% on Friday

Favored for bulls, Can buy and rally will be expected 2535, 2550 and 2585

Supports 2475 and 2450

Last close: 5174.70

DRREDDY trading range was 5025 – 5290 in past 12 sessions

As per technical chart, Stock looks good if there is any declines can buy with stop of 5025

Expecting rally 5225 and 5290+

Stock was declined more than 20% in last 7 sessions

Now stock finding a support at 910

If breaks and manages below the level, expecting further weakness

Which stock ?

Updated: 08.18 am / 10th May 2021

Dalal Street Week Ahead: NiftyFuture Trend Decider For 2nd Week Of May

NiftyFuture last close: 14869.55

Indian equities was rebounded in the first week of May which was helped global cues, RBI’s further liquidity measures for Covid-19 and improved vaccination drives

The Nifty50 was climbed 190 points at 14823 while the Sensex was up 425 points to 49206 during the week

The broader markets Mid-cap index gained 1.45% and Small-cap index surged 2.55%

Overall the last week index was seen side-ways trade in 2 days and volatile trade seen in 3 days in week ended May 7.

On the sectoral front, Nifty Metal was seen outperformed other indices with a gain of more than 10% while Bank index was up 3% and Nifty IT added 2.3% during the week

FIIs net sold Rs 5092 crore worth of equities whereas DIIs net bought Rs 2135 crore

In the coming week will keep a close watch on Covid-19 spread, Earnings reports and global cues. Strict lock-down was announced in many states

On coming week many company will declare March quarter earnings likes Asianpaints, LT, Lupin, Drreddy, Upl, Siemens, Apollotyre, Tatapower, Voltas, Jindalstel, Indigo paints, Pidilitind, and Godrejcp

Indian equity traders worried about the Covid-19 and the country continues to report more than 4 lakhs infections for consecutive days with biggest single day rise deaths over 4000 mark on Saturday

The important macro economic data IIP and Inflation will release on Wednesday and Friday

The Indian stock market will remain closed on May 13 (Thursday) for Ramzan

Rest of four trading sessions NiftyFuture Trend Decider 15050 and 14450 for the 2nd week of May 2021.

NiftyFuture was formed a strong bullish candle on weekly basis while formed small bodied bullish candle in daily chart

NF is facing a weekly resistance 14970 and 15050 which was indicating a almost 2 months peak and very strong resistance

Once if breaks and manages above 15050, Bulls will be dominating and expect rally

NF can be considered as weekly supports as 14650, 14530 and 14450

Above 2nd and 3rd supports are major buying zone!!

Suppose if breaks 14450 and holds below the level NF will test 14300-14150

If there is any declines chances for fresh buying!!

More live market update will be sent to my clients only

Send one “HAI” message to above whatsapp number. You will get market alert and pre-market report on your mobile

For free stock advice follow my telegram channel https://t.me/FlyingcallsArjun

Updated: 10.47 am / 09th May 2021