PRE MARKET REPORT, APRIL 13, 2021

  • US markets closed mixed as usual, Asian markets are trading firmly in Green
  • SGX Nifty is slightly positive
  • TCS came with good results, But IT stocks in US ADR fell more than what they fell in India
  • DrReddy shot up 7% as Russian Vaccine is getting approval, DrReddy manufactures that vaccine
  • Last time, Nifty took support around 14250, Let us see whether Nifty takes support around this level this time.
  • Usually trading day before the expiry day (Usually it is Wednesday, now it is Tuesday as tomorrow is holiday), markets will be highly volatile
  • Nifty future may trade between 14220 and 14480

Nifty/Banknifty for 13 April 21

Nifty : 14310
Rest: 14485 & 14595
Sup: 14130 & 14000

Banknifty : 30792
Rest: 31400 & 31675
Sup: 30500 & 29750