Pre-Market Pulse

Fri, 15 Dec 2023

Global Indices As of Today at 7:56 am in the Morning

Name LTP Change Change %

GIFT Nifty 21,423.5 +83.5 +0.39%

Dow Jones 37,248.35 +158.11 +0.43%

Nasdaq 14,761.56 +27.59 +0.19%

S&P 500 4,719.55 +12.46 +0.26%

Hang Seng 16,902.00 +535.00 +3.27%

Nikkei 225 33,098.50 +412.25 +1.26%

KOSPI 2,568.35 +24.17 +0.95%

FTSE 100 7,648.98 +100.54 +1.33%

Indian Indices As of Most Recent Market Close

Sensex 70,514.20 +929.60 +1.34%

Nifty 50 21,182.70 +256.35 +1.23%

Nifty Bank 47,732.30 +640.05 +1.36%

India VIX 12.3200 +0.2550 +2.11%

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Market Bulletin
GIFT Nifty is up by +83.50 (+0.39%

The BSE Sensex reached a new high of 70,514 points, and the
Nifty 50 set a record close at 21,183 points, following
optimistic remarks by Federal Chair Jerome Powell

The Nifty index is expected to encounter resistance around

21,208 to 21,293 points, and support between 21,104 and
21,020 points

Asian markets show an upward trend, influenced by positive

movements in US markets

The Bank of England maintains its interest rate at 5.25%, while

the European Central Bank holds its rates steady and plans to
conclude its bond purchase scheme

Hero MotoCorp announces management changes and plans to

increase its stake in Ather Energy

Oil prices surge, with Brent futures and West Texas

Intermediate (WTI) crude both showing significant gains

Gold prices reach a 10-day high following a dip in the US dollar

and Treasury yields

Foreign and domestic institutional investors saw a net

purchase in Indian stocks on December 14

The NSE adds Manappuram Finance and SAIL to its F&O ban
list for December 15, while removing National Aluminium
Company.

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Technical Analysis
50 Nifty

The Nifty50 experienced strong momentum, recovering from a

six-day consolidation and reaching new highs

The index is expected to target 21,400-21,500 levels, with

sector rotation offering support

A bullish candlestick pattern was observed, indicating a strong

upward trend

The market exhibited a decisive upside breakout, with an

important opening upside gap suggesting the start of a sharp
uptrend

Analyst Nagaraj Shetti anticipates Nifty might reach around

21,550 levels, considering it a key resistance point

Immediate support for the Nifty is identified at 21,050 levels.

Bank Nifty

Bank Nifty also reached new highs, influenced by the outcome

of the Fed meeting

The index showed a bullish candlestick pattern, indicating a

continuation of the upward trend

Market sentiment remains bullish, with strong support at the

47,000 level

Expectations are for the Bank Nifty to approach the 50,000

mark.

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 Nifty Call Options Data
Maximum open interest on the Call side was observed at the
21,200 strike, acting as a key resistance level
Significant Call writing was seen at the 21,200 strike, followed
by the 21,400 and 21,300 strikes
The 21,000 strike saw the most Call unwinding.

Nifty Put Options Data

The 21,100 strike has the maximum open interest on the Put
front, serving as a crucial support area
Notable Put writing occurred at the 21,100 strike, followed by
the 21,000 and 21,200 strikes
Put unwinding was most prominent at the 20,500 strike.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
friday-14-things-to-know-before-opening-bell-11906931.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 21047.13

Level 2 21111.14

Level 3 21150.70

Level 4 21190.26

Level 5 21214.70

Level 6 21254.26

Level 7 21278.71

Level 8 21318.27

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 FII were net buyers of ₹3570.1 Cr in the cash
FII
segment on 14 Dec 2023

DII were net buyers of ₹553.2 Cr in the cash

DII
segment on 14 Dec 2023

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