PRE MARKET REPORT, APRIL 19, 2021

  • US markets closed at record high on Friday, Asian markets are mostly higher
  • But SGX Nifty is down by about 200 points
  • Since last two weeks, markets fell more than 400 points on Mondays, SGX Nifty is trading with caution
  • Corona cases hit the highest one day rise
  • HDFC Bank results seems to be below estimates
  • FIIs were net buyers in Cash market on both Thursday and Friday.
  • Bank Nifty and HDFC Bank will be in focus
  • If Corona virus cases come down, then we can expect some recovery over next few days
  • Nifty has already broken 14300 two times and recovered from 14250-14300 levels
  • Nifty future may trade between 14400 and 14650

Nifty/Banknifty 19 April 21

Nifty : 14617 Gap down 2day
Rest: 14635 & 14700
Sup: 14425 & 14350
PCR: 1.35

Banknifty : 31977
Rest: 32635 & 33315
Sup: 31250 & 30900
PCR: 0.98