Pre-Market Pulse

Mon, 18 Dec 2023

Global Indices As of Today at 8:07 am in the Morning

Name LTP Change Change %

GIFT Nifty 21,487.0 +13.0 +0.06%

Dow Jones 37,305.16 +56.81 +0.15%
Nasdaq 14,813.92 +52.36 +0.35%
S&P 500 4,719.19 -0.36 -0.01%
Hang Seng 16,679.00 -111.00 -0.66%
Nikkei 225 32,650.50 -320.05 -0.97%
KOSPI 2,568.60 +5.04 +0.20%
FTSE 100 7,576.36 -72.62 -0.95%

Indian Indices As of Most Recent Market Close

Sensex 71,483.75 +969.55 +1.37%

Nifty 50 21,456.65 +273.95 +1.29%
Nifty Bank 48,143.55 +411.25 +0.86%
India VIX 13.1275 +0.8075 +6.55%

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Market Bulletin
GIFT Nifty is up by +13.00 (+0.06%

The Sensex and Nifty witnessed significant gains on December

15, influenced by positive market sentiment and a dovish
stance from the US Federal Reserve

The Sensex closed notably higher, while the Nifty also saw
substantial gains, with market breadth favoring gainers

Bank Nifty surpassed the 48,000 level for the first time, and
Nifty IT reached a 20-month high

US markets showed mixed performance, with the Dow Jones

reaching a record high, while the S&P 500 and Nasdaq
Composite had modest changes

Asian markets opened lower, influenced by global trends and

the US Federal Reserve's recent decisions

Softbank sold a significant stake in PB Fintech, with

Government Pension Fund and HDFC Mutual Fund being
notable buyers

British American Tobacco, the largest shareholder in ITC,

expressed openness to reducing its stake

Adani Group acquired a majority stake in news agency IANS

India Pvt Ltd

Oil prices rose due to lower exports from Russia and concerns
over supply disruptions in the Red Sea

The US dollar rebounded after comments from the Federal

Reserve Bank of New York's President.

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Technical Analysis
50 Nifty
The market showed a strong uptrend, with the Nifty50 rising to
21,457, indicating bullish control
A significant resistance level is identified at 21,492; surpassing
this may lead to further upsides
Immediate supports are placed at 21,319-21,235
The RSI is in overbought territory at 84.92, suggesting caution
in the near term, but there's potential for more upsides in the
intermediate term
Some consolidation is anticipated near the 21,500 levels
before continuing the upward trend.

Bank Nifty
Bank Nifty surpassed the 48,000 mark, closing at 48,144, and
shows potential for further bullish momentum towards
48,500/48,800
Immediate support is at 47,500, with a critical support zone at
47,000–46,800.

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 Nifty Call Options Data
Maximum Call open interest is at the 22,200 strike, indicating a
key resistance level

Significant Call writing at the 22,200 strike suggests

resistance consolidation

The 21,500 and 22,500 strikes also show high Call open
interest

Maximum Call unwinding occurred at the 21,200 strike.

Nifty Put Options Data

The 21,300 strike holds the maximum Put open interest, acting
as a key support area

Significant Put writing at the 21,300 strike, adding to the

support strength

Other notable Put interests are at the 21,200 and 20,500

strikes

Put unwinding was most notable at the 21,100 strike.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
monday-15-things-to-know-before-opening-bell-9-11916211.html

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 Today's Nifty Golden Levels

What is this?

These are the 8 levels of the Nifty for today, where the price will
experience support and resistance with high accuracy. These
levels are calculated based on the Golden Ratio formula (1.618).

Level 1 21308.60

Level 2 21378.50

Level 3 21421.70

Level 4 21464.90

Level 5 21491.60

Level 6 21534.80

Level 7 21561.50

Level 8 21604.70

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Key Stocks to Watch
Zee Entertainment: Requested Sony to extend merger effective
date

Mazagon Dock Shipbuilders: Signed $42 million contract with

European client

Vedanta: Board meeting to discuss interim dividend

Insecticides India: Received 20-year patent for Isoxazole

Compound

Tata Power: Tata Power Solar Systems secured ₹418 crore

contract with NTPC for 152 MWp solar modules in Rajasthan

PB Fintech: Softbank fund sold 1.14 crore shares for ₹914

crore; Government Pension Fund, HDFC MF are buyers

Welspun Corp: Sintex BAPL to invest ₹807 crore in Telangana

manufacturing unit

Landmark Cars: Got Letter of Intent from MG Motor for

Ahmedabad dealership

Granules India: US FDA inspection of Virginia Arm yields five

observations.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net buyers of ₹9239.4 Cr in the cash
FII
segment on 15 Dec 2023

DII were net sellers of ₹-3077.4 Cr in the cash

DII
segment on 15 Dec 2023

Pre-Market Pulse www.premarketpulse.com 05

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