07th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14769.95

NiftyFuture was shot up to more than 100 points and Sensex rallied over 250 points on 06th May

Positive global cues was helped to lift the Indian equities

NF was opened 14718 and made a low of 14657 then went to 14788

Nifty50 reclaimed at 14725 while Sensex rose 272 points to close 48949 points

Action was seen auto, financial and IT stocks

After Coforge result stock was gained more than 15% and followed by IT stocks gained

Wipro, Mindtree, Mphasis, and Happiestmind rallied significantly

Heromoto declared good earnings report on post market hours

India worried about virus cases and yesterday too surged more than 4 lakhs

Global sentiment seems good and earnings report also good

Today focus on HDFC  will be declaring earnings report

US markets ended at record high on Thursday

US weekly jobless claims drop to fresh 13 month low

Dow Jones rose 0.93%, S&P500 gained 0.82% and Nasdaq gained 0.37%

Asian markets were set to mixed trend on Friday

Today HDFC, Ultracemco, Dabur, Cholafin, and Godrejagrover will be announce result

FIIs net bought Rs 1222 crore while DIIs sold 632 crore worth of stocks in cash segment

SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day due to weekend

NiftyFuture is facing a intraday resistance 14780-14810

If stays above 14810 and holds above the level……. Will try to move 14850-14890

Stay caution at afternoon trade!!

Today NF can be considered as supports as 14750-14720

Below 14720……… Finding a next support around 14650

More live market update will be sent to my clients only

Updated: 08.59 am / 07th May 2021

07th May 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 32953.75

BankniftyFuture was seen consolidated trade after long period on 06th May 2021

BNF was opened 33107 and went to 33144 then slipped to 32655. Finally closed 32953

Volatility index dropped more than 3% which was helped to banknifty sustained

Hdfcbank, Axisbank, and Icicibank sustained and not seen any significant move

Option writers have made more money on yesterday due to range market

SGXNifty indicate a positive opening for the index and followed by bank index

BankniftyFuture formed a hanging man kind of pattern on yesterday’s trade which was indicating stay caution at higher levels

However, BankniftyFuture is facing a intraday resistance 33150-33220 which was placed last four days peak

If stays above 33220 and manages above the level will try to move 33400+

BNF can be considered as supports as 32850, 32740 and 32650

Below 32650…….. expecting further weakness!!

Today afternoon trade will be very interesting………..Take care

Updated: 08.46 am / 07th May 2021

07th May 2021 Hot Stocks and Stocks To Watch

Last close: 2913.30 (+4.5)

HEROMOTOCO Q4 result beats estimate and Profit jumps 39% to Rs 865 crore

Reported strong revenue and operating growth.

Stock gained over 4% on yesterday and stock was underperform in last few months

Now, Looks good can buy at declines!!

Expected rally 3000+ supports 2900, 2880 and 2830

Last close: 625.85

TVSMOTOR was consolidated around 610-630 in last 3 sessions

Looks good can buy if there is any declines!!

Expected rally 675 and 700+ for positional

Supports 618 and 600

Today’s guess stock

Expecting another rally if breaks 1320 and yesterday stock was closed 1300

Do you know ? On Feb 2021 stock was trading around 375 and now around 1300

Which stock ?

Updated: 08.30 am / 07th May 2021