Pre-Market Pulse

Tue, 19 Dec 2023

Global Indices As of Today at 8:11 am in the Morning

Name LTP Change Change %

GIFT Nifty 21,478.0 -6.0 -0.03%

Dow Jones 37,306.02 +0.86 +0.00%

Nasdaq 14,905.19 +91.27 +0.62%

S&P 500 4,740.56 +21.37 +0.45%

Hang Seng 16,581.00 -54.00 -0.32%

Nikkei 225 32,790.50 +31.52 +0.10%

KOSPI 2,565.83 -1.03 -0.04%

FTSE 100 7,614.48 +38.12 +0.50%

Indian Indices As of Most Recent Market Close

Sensex 71,315.09 -168.66 -0.24%

Nifty 50 21,418.65 -38.00 -0.18%

Nifty Bank 47,867.70 -275.85 -0.57%

India VIX 13.9000 +0.7725 +5.88%

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Market Bulletin
GIFT Nifty is down by -6.00 (-0.03%

The India VIX, the fear index, jumped to the highest level in the
current financial year, indicating increased market uncertainty

US stocks gained, with the S&P 500 and Nasdaq climbing,

while the Dow Jones remained steady. This movement reflects
market reactions to anticipated interest rate cuts in 2024

Asian shares and the yen held steady, with a focus on Japan's
central bank and its monetary policy. The prospect of US rate
cuts continues to influence global equity markets

India's net direct tax collections for fiscal year 2023-24 saw a
notable increase, driven by both corporate and personal
income taxes

The Indian government plans to auction 26 coal mines across

various states in its ninth round of commercial coal mine
auctions

Sun Pharmaceuticals is set to invest in Lyndra Therapeutics to

develop long-acting oral therapies, marking a strategic
expansion in pharmaceutical technology

Nestle India has announced January 5 as the record date for

its planned stock split, aiming to increase the liquidity of its
shares

The Indian government adjusted the windfall profit tax rates on

domestically produced crude oil and diesel exports

Oil prices rose following concerns about disruptions in

maritime trade after a Houthi militant group attacked ships in
the Red Sea.

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Technical Analysis
50 Nifty

The market displayed a lacklustre trade on December 18 with a

Doji candlestick pattern, indicating indecision among traders

The Nifty50 index slightly fell, hinting at consolidation near

record highs with support at 21,200 levels and resistance at
21,500

The overall market tone remains bullish, but it's approaching

key resistance zones marked by high overbought indicators

Traders are advised to exercise caution and consider timely

profit-taking at higher levels, with strong support around
21,200 to 21,300 levels.

Bank Nifty

The Bank Nifty also saw a pullback, forming a bearish

candlestick pattern on the daily charts

Key support is expected at 47,500 zones, with potential

upward movement towards 48,250 and 48,500 levels.
Resistance is seen at 48,020 followed by 48,084 and 48,187.

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 Nifty Call Options Data
The maximum Call open interest was observed at the 21,500
strike, acting as a key resistance level
Significant Call writing activity was at the 21,500 strike, adding
44.85 lakh contracts, followed by 21,600 and 21,400 strikes
Notable Call unwinding was at the 21,100 strike, indicating
potential resistance weakening.

Nifty Put Options Data

The 21,300 strike held the maximum open interest, suggesting
it as a key support area
Notable Put writing was at the 21,400 strike, adding 12.78 lakh
contracts, indicating strengthening support
Put unwinding was observed at the 20,300 strike, indicating
weakening support at lower levels.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
tuesday-15-things-to-know-before-opening-bell-10-11922821.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 21262.29

Level 2 21336.12

Level 3 21381.74

Level 4 21427.36

Level 5 21455.56

Level 6 21501.18

Level 7 21529.38

Level 8 21575.01

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Key Stocks to Watch
Vedanta: Announces ₹11 per share dividend totaling ₹4,089 crore;
Vedanta Plc to receive ₹2,065 crore. Board meeting planned for
fundraising discussion

Apollo Tyres: White Iris Investment considering selling 3% equity to

raise $100 million, with a floor price of ₹440 per share

Sun Pharma: Aiming to acquire a 16.7% stake in Lyndra

Therapeutics for $30 million

Devyani International: Set to acquire 274 KFC restaurants in

Thailand, entering the Thai QSR market

KPI Green Energy: Initiates QIP with a floor price of ₹1,245 per
share to raise funds

Kaynes Technology: Launches QIP at ₹2,449 per share; plans to

acquire Digicom Electronics Inc. for $2.5 million

JTL Industries: Board approves issuing 3 crore shares at ₹270

each, totaling ₹810 crore, and plans a ₹500 crore QIP for
subsidiary investment

Allcargo-GATI: Schedules board meeting to discuss fundraising

IDFC First Bank: Receives RBI nod for merger with IDFC

Biocon: Completes global integration of Biocon Biologics' acquired

biosimilars business

PNC Infratech: Secures a ₹1,174 crore Hybrid Annuity Highway

Project from MPRDC

Dish TV: Evaluating new director appointments including Sanjay

Banerjee.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net sellers of ₹-33.5 Cr in the cash segment
FII
on 18 Dec 2023

DII were net buyers of ₹413.9 Cr in the cash segment

DII
on 18 Dec 2023

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