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PRE MARKET REPORT, MAY 14, 2021

  • US markets were very volatile.
  • Both Wednesday and Thursday, SGX Nifty broke 14500, low being 14456
  • But yesterday, US markets recovered almost half of the losses.
  • Now SGX Nifty is down just 20, 30 points.
  • Both Wednesday and Thursday, both FIIs and DIIs were net sellers.
  • Together they have sold for Rs 3000 crores in Cash market in these two days.
  • This series is going to be another one between 14200 and 15000
  • Huge OI added at 15000CE in monthly expiry
  • DrReddy, CIPLA, PNB, L&T are some of the key companies that are set to declare results today
  • PSU pack is looking good, something is cooking there or DIIs buying due to dividend yield?
  • PSU stocks offer good dividend yeild but not PSU Banks. But PSU Banks are also doing very well.
  • Nifty future may trade between 14580 and 14780