www.premarketpulse.com
Mon, 27 May 2024
Global Indices
As of Today at 7:47 am in the Morning
Name
LTP
Change
Change %
GIFT Nifty
Asia
23,034.0
-5.5
-0.02%
Dow Jones
US
39,069.59
+4.33
+0.01%
Nasdaq
US
16,920.79
+184.76
+1.10%
S&P 500
US
5,304.72
+36.88
+0.70%
Hang Seng
Asia
18,586.00
-22.94
-0.12%
Nikkei 225
Asia
38,754.00
+139.50
+0.36%
KOSPI
Asia
2,702.98
+15.38
+0.57%
FTSE 100
Europe
8,317.59
-21.64
-0.26%
Indian Indices
As of Most Recent Market Close
Sensex
75,410.39
-7.65
-0.01%
Nifty 50
22,957.10
-10.55
-0.05%
Nifty Bank
48,971.65
+203.05
+0.42%
India VIX
21.7100
+0.3300
+1.54%
Pre-Market Pulse
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01
Market Bulletin
Sensex and Nifty are set for a flat start today
Asian markets rose, supported by expectations from upcoming
economic data from China and India
U.S. markets closed higher last week; Nasdaq achieved a fifth
consecutive week of gains
Friday's close: Sensex slightly down by 0.01%, Nifty down by
0.05%
Key focus areas for the week: Q4 earnings, Lok Sabha election
turnout, macroeconomic data, foreign fund inflows, and oil
prices
Bank of Japan to continue cautious approach to inflation
targeting
Key stocks to watch: Adani Group, Ireda, JSW Infrastructure,
Tata Technologies due to index changes and fund-raising
plans
FIIs turned net buyers after heavy selling earlier in May,
influenced by Chinese market performance
U.S. capital goods orders increased in April, surpassing
expectations
U.S. consumer inflation expectations improved in late May
Crude oil prices stabilized after a significant drop last week.
Pre-Market Pulse
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02
Technical Analysis
50
Nifty
Achieved milestone of 23,000 on May 23 but closed at 22,957;
formed a small-bodied bullish candlestick with a long upper
shadow
Expected volatility due to upcoming Lok Sabha elections on
June 4
Resistance levels: 23,009, 23,037, 23,082; support levels:
22,919, 22,891, 22,845
Maintained higher highs for 10 consecutive days; RSI at 67.26
indicates positive momentum
Formed strong bullish candlestick patterns on weekly charts,
continuing bullish trend after Bullish Piercing Line pattern.
Bank Nifty
Formed a bullish candlestick pattern on the daily and weekly
charts
Resistance levels: 49,046, 49,142, 49,298 (pivot points),
49,336, 49,975 (Fibonacci retracement)
Support levels: 48,734, 48,638, 48,482 (pivot points), 48,265,
48,017 (Fibonacci retracement)
Maintained higher highs and higher lows formation for the
second consecutive session
RSI at 60.68, indicating positive momentum.
Pre-Market Pulse
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03
Nifty Call Options Data
Maximum Call open interest at the 24,000 strike, acting as key
resistance
Followed by 23,500 and 23,000 strikes
Maximum Call writing at 24,000, followed by 23,500 and
23,900 strikes
Maximum Call unwinding at 22,700, followed by 22,500 and
22,900 strikes.
Nifty Put Options Data
Maximum open interest at 23,000 strike, acting as key level
Followed by 22,500 and 22,000 strikes
Maximum Put writing at 23,000, followed by 22,500 and 22,900
strikes
Put unwinding at 21,700, followed by 24,000 strikes.
Technical Analysis Source:
https://www.moneycontrol.com/news/business/markets/trade-setup-formonday-15-things-to-know-before-opening-bell-28-12731711.html
Pre-Market Pulse
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04
Key Stocks to Watch
Divi's Laboratories: Revenue up 18.1% to ₹2,303 crore, net profit
up 67% to ₹538 crore. EBITDA margin at 31.7%, cash at ₹3,200
crore end of FY24
NTPC: Revenue up 7.6% to ₹47,622 crore, net profit up 26.9% to
₹6,168 crore. Targeting new thermal orders of 15.2 GW
Hindustan Copper: Margin nears 40%, net profit down 6%.
Revenue flat at ₹565 crore, copper prices increasing
Aurobindo Pharma: Revenue up 17.1% to ₹7,580.5 crore. Margins
above 20% for second straight quarter, one-time loss of ₹122
crore
Manappuram Finance: Net Interest Income up 33.2% to ₹1,580
crore, net profit up 35.7% to ₹563.5 crore. Gold tonnage highest in
nine quarters
Indiabulls Housing Finance: AUM down 2.5% to ₹65,335 crore, net
profit up 23.1%. Provisions up 2.5x to ₹290 crore
Karnataka Bank: Net profit down 22.5% to ₹274.2 crore. Employee
expenses up 27.1%, provisions up 27.9%
SPARC: Net loss widens to ₹105.8 crore, revenue down to ₹16.56
crore. CFO Chetan Rajpara resigns
Torrent Pharma: Revenue up 10.2% to ₹2,745 crore, EBITDA margin
at 32.2%. India revenue up 10%, US sales down 6%
Glenmark: Revenue up 2% to ₹3,062 crore, net loss widens to
₹1,218 crore. India revenue up 12.9%
Sundaram Finance: Disbursements up 18.1% at ₹6,209 crore, net
profit up 60% to ₹506.3 crore. AUM up 27.3% to ₹43,987 crore.
Pre-Market Pulse
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05
Affle India: Revenue up 42.3% to ₹506.2 crore, net profit up 40%
to ₹87.5 crore. EBITDA margin flat at 19.3%
MM Forgings: Board meet on May 29 to consider bonus issue,
dividend along with quarterly earnings.
FII
FII were net sellers with total sales amounting to Rs -944.8 Cr on 24, May 2024
DII
DII were net buyers with total sales amounting to Rs 2320.3 Cr on 24, May 2024
PCR of Indices
PCR
Change
Nifty
1.02
-0.19
Bank Nifty
1.12
-0.1
Fin Nifty
1.06
-0.25
Indices
A PCR above 1 indicates that the put volume has exceeded the call
volume. It indicates an increase in the bearish sentiment.
A PCR below 1 indicates that the call volume exceeds the put volume.
It signifies a bullish market ahead.
Pre-Market Pulse
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06
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