- US markets ended mixed with Nasdaq down, Asian markets are also mixed
- SGX Nifty is down by 30 points
- Yesterday markets saw dramatic recovery from low levels
- The recovery cam without any institutional support
- FIIs have sold for about 2300 crores in Cash market, But DIIs have bought for about 550 crores in Cash market
- Still Nifty recovered more than 300 points from intraday low to intraday high
- Yesterday Nifty future premium was high due to short covering, That premium may get reduced today.
- Bank Nifty future is trading almost at 200 points premium.
- For last few weeks, Nifty has been trading between 14150 and 15050
- Expect a volatile session today, as usual Bank Nifty will be making some big moves
- Nifty future may trade between 14480 and 14780
Nifty/Banknifty for 4 May 21
Nifty : 14634
Rest: 14740 & 14800
Sup: 14545 & 14450
PCR: 1.54
Banknifty : 32465
Rest: 33100 & 33200
Sup: 32180 & 31980
PCR: 1.15