PRE MARKET REPORT, APRIL 29, 2021

  • US markets closed lower, but now US Futures are higher
  • Asian markets are higher, SGX Nifty is up more than 100 points
  • In just 4 days, Nifty (as per SGX Nifty indication) will be up more than 600 points.
  • Bank Nifty is up more than 2000 points in just 3 days
  • And this is happening on the back of worst pandemic crisis in India
  • Bajaj Finance saw huge short covering after the results
  • Today HUL, Titan and Bajaj Auto will declare results.
  • Who would have imagined, last week when Nifty broke 14200, that Nifty would expire around 15K this week?
  • Yesterday both FIIs and DIIs have bought in Cash market.
  • Tomorrow Reliance results
  • Yesterday Nifty 14800PE and 14700PE added huge OI.
  • Nifty future may trade between 14820 and 15020.

Nifty/Banknifty 29 April 21

Nifty : 14864 A Gap up 2day
Rest: 15000 & 15110
Sup: 14775 & 14715
PCR: 1.49

Banknifty : 33722
Rest: 34135 & 34500
Sup: 33350 & 33090
PCR: 1.49