• Comments Off on PRE MARKET REPORT, MAY 03, 2021

PRE MARKET REPORT, MAY 03, 2021

  • US and European Futures are higher, Asian markets are mixed
  • SGX Nifty is down more than 200 points
  • Friday, FIIs have sold for Rs 3500 crores in Cash market.
  • Last week, Nifty was up from 14150 to 15050, with todays indicative opening around 14450, Nifty will retrace 60%.
  • Friday, after market close, IndusInd Bank and Reliance came with results, Both results are in line with expectation.
  • Reliance GDR was down just 1%.
  • Today Kotak Bank will declare results
  • GST collection at Rs 1.41 lakh crore is a long term positive for markets
  • There was huge addition of OI at 14800, 14900, 15000CE indicting upside will be limited this week
  • India VIX above 20 has become a new normal.
  • Nifty future may trade between 14420 and 14720