Pre-Market analysis

1)Nifty and banknifty rallied yesterday due to easing of lockdown rules,as economy is restarting again which is positive for us.
2)Nifty closed at 9826.15 up 2.57% and banknifty closed at 19959.90 up 3.43%.
3)Global market futures which were trading lower after our market hours ,recovered completely ending up with small gains.
4)Us and europe futures are trading lower while asian markets are trading higher with sgx nifty trading flat to small negative.
5) We may open falt or small negative and nifty will be volatile for the day ,trading with 50p and down movement.if global market starts recovery then we may see good rally in our market too.
6)Nifty support and resistance for the day is 
Banknifty support and resistance for the dat is
7)Due to yesterday rally,max pain for nifty is shifted to 9700 and banknifty has been shifted 19700.
8) Range for nifty for this week will be 9600-10200 and banknifty will be 19000-20500.
9)
there was news on india's rating after market hours,there will not be major impact as nifty is already discounted.
10)How indian adr fared yesterday on global markets.
11)
12)Stocks in news
IGL
Indraprastha Gas Ltd announces Re 1/kg hike in CNG prices in Delhi NCR from Jun 2 (PTI).
Reliance
ADIA in Active Talks for Minority Stake in Jio Platforms: ET

ADIA, Mubadala along with Saudi Arabi’s Public Investment Fund may invest about $2b

Announcement expected as early as this week; this is seen as the last tranche of stake sales in Jio Platforms.
Kotakbank-Block deal.

Positive view on Oil Marketing Companies

Credit Suisse says OMC profitability could be protected by strategic crude reserve. OMCs have not passed on increased retail prices. Low cost crude inventory built by the OMCs over last 2.5-3 months will lead to inventory gains.

13)For more details and updates follow our telegram channel optionstraders.
14)Happy trading.



Comments

Post a Comment

Popular posts from this blog

CAMS IPO, Bumper Listing ???

Image
About the Company 1. Computer Age Management Services (CAMS) Ltd is a technology-driven financial infrastructure and service provider.  2. It is India's largest registrar and transfer agent of mutual funds.  3. As per the Crisil Nov 2019 report, it has a 69.4% mutual fund aggregate market share. Business Areas - CAMS currently provides technology-based services including dividend processing, transaction origination interface, payment, transaction execution, dividend processing, intermediary empanelment, report generation, investor interface, settlement and reconciliation, compliance-related services, and brokerage computation. - The company provides services in the area of electronic payment collections services business, insurance services business, alternative investment funds services business, banking, and non- banking services business, KYC registration agency business, and software solutions business. CAMS has a wide network comprising 25 states, 278 service centers, and...
Read more

Equitas SFB IPO : Apply or Avoid???

Image
About The Company Equitas Small Finance Bank Ltd. (ESFB) is one of the largest SFB in India in terms of number of banking outlets Second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019 Diversified Portfolio and  reduce its dependence on micro-finance business as compared to other micro-finance companies that have converted to SFBs. ESFB offers a range of banking products and services to customers with a focus on serving the financially un-served and under-served customer segments in India ESFB's distribution channels comprised 856 Banking Outlets and 322 ATMs across 17 states and union territories in India Business Areas The companies main bushiness comes from majorly following three areas : Small business loans which compromises of 41% of its business. Micro-Finance which  compromises of  23 % of its business. Vehicle loans compromise approximately 25% of the business Competitive Strengths A customer-centric organ...
Read more

CHEMCON IPO : Apply or Not ????

Image
  About the Company 1. Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC 2. Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment Business Expertise - Oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide) - Pharma intermediates, Silanes, and chemicals contract manufacturing work - It exports products to global markets covering the US, Germany, Italy, South Korea, Japan, the United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia - Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business - Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. - KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are t...
Read more