Pre-Market Pulse

Wed, 20 Dec 2023

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

Name LTP Change Change %

GIFT Nifty 21,613.5 +86.0 +0.40%

Dow Jones 37,557.92 +251.90 +0.68%

Nasdaq 15,003.22 +98.03 +0.66%

S&P 500 4,768.37 +27.81 +0.59%

Hang Seng 16,712.00 +190.00 +1.15%

Nikkei 225 33,804.50 +585.11 +1.76%

KOSPI 2,598.51 +29.96 +1.17%

FTSE 100 7,638.03 +23.55 +0.31%

Indian Indices As of Most Recent Market Close

Sensex 71,437.19 +122.10 +0.17%

Nifty 50 21,453.10 +34.45 +0.16%

Nifty Bank 47,870.90 +3.20 +0.01%

India VIX 13.8675 -0.0325 -0.23%

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Market Bulletin
GIFT Nifty is up by +86.00 (+0.40%

Global Market Trends: Dow jumps more than 200 points for
ninth winning day, S&P 500 nears record, and Asian markets,
particularly Japan and Korea, are trading higher

BSE's New Measures: The Bombay Stock Exchange (BSE) will

impose an additional 15% exposure margin on certain
securities in the derivatives market, effective from January 1

Accenture's Revenue Forecast: IT giant Accenture expects its

second-quarter revenue to be between $15.40 billion and
$16.00 billion, slightly below analysts' predictions

Oil and Gold Prices: Oil prices have increased, with Brent crude
reaching its highest since early December. Gold prices remain
steady amid varying market factors

Currency Market: The US dollar has strengthened against the

yen following the Bank of Japan's decision to maintain its low
interest rate policy

Investor Activity: Foreign institutional investors sold shares

worth Rs 601.52 crore, while domestic institutional investors
bought stocks worth Rs 294.35 crore.

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Technical Analysis
50 Nifty

Nifty 50 briefly surpassed 21,500 mark: It couldn't sustain

above this level, making it a key resistance area

Consolidation expected below 21,500: The range of

22,300-22,200 is considered strong support

Bullish trend maintained: Holding long positions with a trailing

stop loss is advised

Support around 21,300: This is where the 5-day EMA is placed

Resistance zone anticipated at 21,500-21,600: Noted

particularly on the derivative side where Calls are written.

Bank Nifty

Bank Nifty showed recovery: Closed slightly higher at 47,871

amid consolidation

Bearish candlestick pattern: Indicates buying interest at lower

levels

Need to sustain above 48,000: To continue the upward

momentum

Support at 47,800: A break below this may trigger additional

selling pressure.

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 Nifty Call Options Data
Maximum Call open interest at 21,500 strike: Acts as a key
resistance level for the Nifty

Significant Call writing at 21,500 strike: Followed by 21,900

and 21,800 strikes

Call unwinding: Notable at 22,100, 21,300, and 21,400 strikes.

Nifty Put Options Data

Maximum Put open interest at 21,400 strike: Suggesting it as a
key support area for the Nifty

Put writing concentrated at 21,400 strike: Followed by 20,800

and 21,500 strikes

Put unwinding: Observed at 20,600, 21,200, and 20,400 strikes.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
wednesday-15-things-to-know-before-opening-bell-13-11929321.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 21296.49

Level 2 21370.43

Level 3 21416.13

Level 4 21461.83

Level 5 21490.07

Level 6 21535.77

Level 7 21564.01

Level 8 21609.71

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Key Stocks to Watch
Accenture: Reports 3% US Dollar revenue growth, 1% in Constant
Currency. Maintains 2024 growth outlook at 2-5%

Nippon AMC: IndusInd Bank plans to sell up to 1.79 crore shares

(2.86% equity) in block deals, at a floor price of ₹426.6 (5%
discount)

Astral: Promoters aim to sell 2-3% equity via block deals. Last sale
in 2019, expected to fetch ₹1,000-1,500 crore

Embassy Office Parks REIT: Blackstone to sell 23.5% stake, floor

price ₹310 per share, estimated to fetch $833 million

JK Tyre: Launches QIP, floor price ₹358.96, a 5.2% discount

Varun Beverages: Acquires The Beverage Company in South Africa

for ₹1,320 crore; plans ₹450 crore manufacturing plant in
Jharkhand

BPCL: Plans a Polypropylene unit at Kochi refinery, costing ₹5,044

crore

UPL: Board meeting on December 22 to discuss fund raising

RVNL: Lowest bidder for Varkala Sivagiri station project in Kerala,

cost ₹124 crore

Religare: Delhi High Court orders removal of "fraud" tag from

Religare Finvest

Glenmark Life: CCI approves Nirma's majority shareholding

acquisition

Tech Mahindra: Mohit Joshi appointed as MD & CEO.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net sellers of ₹-601.5 Cr in the cash
FII
segment on 19 Dec 2023

DII were net buyers of ₹294.4 Cr in the cash

DII
segment on 19 Dec 2023

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