- US markets closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters.
- The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 77 points gain.
- Bharti Airtel will be coming up with results today
- Foreign institutional investors (FIIs) net sold shares worth Rs 2,607.85 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 613.26 crore
- Levels above 14750 have been resistances earlier, imp to see it sustain
- FIIs net short on the Index, if gap up sustains, shorts will cover if not 20 DMA imp support
Nifty/Banknifty17 May 21
Nifty : 14677 A mild Gap up 2day
Rest: 14740 & 14835
Sup: 14590 & 14500
PCR: 1.52
Banknifty LTP: 32169
Rest: 32500 & 32670
Sup: 31900 & 31250
PCR: 1.06