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PRE MARKET REPORT, APRIL 30, 2021

  • US markets closed at record high, But that came with huge wild swings
  • SGX Nifty is down by about close to 200 points
  • Reliance will declare results after market close.
  • IndusInd Bank will be in focus as it will declare results today
  • FIIs long position is at 78% in Index Futures, usually this kind of long positions, the upside is limited
  • So markets may consolidate and stock specific actions may continue due to results
  • Nifty 14500PE added huge OI in weekly options
  • Nifty future may trade between 14720 and 14920