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Tue, 19 Mar 2024

Global Indices As of Today at 7:34 am in the Morning

Name LTP Change Change %

GIFT Nifty 22,058.0 -78.5 -0.35%

Dow Jones 38,790.43 +75.66 +0.20%
Nasdaq 16,103.45 +130.27 +0.82%
S&P 500 5,149.42 +32.33 +0.63%
Hang Seng 16,628.00 -109.12 -0.65%
Nikkei 225 39,512.50 -204.00 -0.51%
KOSPI 2,652.48 -33.36 -1.24%
FTSE 100 7,722.55 -4.87 -0.06%

Indian Indices As of Most Recent Market Close

Sensex 72,748.42 +104.99 +0.14%

Nifty 50 22,055.70 +32.35 +0.15%
Nifty Bank 46,575.90 −18.20 -0.04%
India VIX 13.8950 +0.21 +1.50%

Pre-Market Pulse www.premarketpulse.com 01

Market Bulletin

Indian stock market benchmarks Sensex and Nifty are

expected to open lower on Mar 19

On the previous trading day, both Sensex and Nifty closed in

positive territory, with Nifty closing around 22,050, despite

declines in IT and FMCG sectors

US stock markets showed gains, with major indexes like the

Dow Jones, S&P 500, and Nasdaq closing higher, driven by

large technology stocks

Asian markets dip ahead of Japan, Australia central bank

decisions, focusing on Japan's potential negative rate policy

end

Promoters of Aditya Birla Sun Life AMC to sell 11.47% stake for

SEBI compliance

Tata Steel UK to shut Port Talbot coke ovens, plans more coke

imports due to operational issues

Tata Sons plans to sell a 0.65% stake in TCS for $1.1 billion,

with the sale offering a slight discount to the market price

The dollar remains stable as the market anticipates central

bank meetings, including the U.S. Federal Reserve's interest

rate decisions

Gold rebounds from lows, investors eye central bank meetings

for rate insights

Oil prices reach a four-month high, influenced by reduced

exports from Iraq and Saudi Arabia and positive economic

indicators from China and the U.S.

Pre-Market Pulse www.premarketpulse.com 02

Technical Analysis
50 Nifty

The market displayed uncertainty, consistently finding support

at the 21,900 level and resistance at the 22,200 mark

A break below 21,850 could lead to increased selling pressure,

while consistently trading above 22,200 may empower bulls to
aim for record highs

On March 18, the Nifty 50 formed a small bullish candlestick

pattern, suggesting volatility but also some buying interest

Key support and resistance levels are identified, with

immediate support at 21,953, 21,904, and 21,825, and
resistance at 22,111, 22,160, and 22,239.

Bank Nifty

Showed recovery from the day's low and formed a bullish

candlestick pattern, indicating buying interest at lower levels

The 20-week average at 46,300 is highlighted as a significant

support level, with recovery potential up to 47,230-47,400

Expected support and resistance levels are at 46,172, 46,003,

45,729 (support) and 46,720, 46,889, 47,163 (resistance).

Pre-Market Pulse www.premarketpulse.com 03

 Nifty Call Options Data
The 23,000 strike has the highest Call open interest, serving
as a key resistance level in the short term

Significant Call writing observed at the 22,700 strike,

indicating potential resistance levels

The most Call unwinding occurred at the 22,000 strike,

suggesting a decrease in bearish bets.

Nifty Put Options Data

The 21,000 strike holds the maximum Put open interest, acting
as a critical support level

Notable Put writing at the 21,900 strike indicates strong

support at this level

Put unwinding at the 20,800 strike indicates a reduction in

bullish bets at lower levels.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
tuesday-15-things-to-know-before-opening-bell-23-12482961.html

Pre-Market Pulse www.premarketpulse.com 04

Key Stocks to Watch
TCS: Tata Sons to sell 0.64% stake at 3.6% discount, reducing their
share to 72.38%

Aditya Birla Sun Life AMC: Promoters to sell 11.47% equity via OFS
at floor price of ₹450

Tata Steel: To stop coke oven operations in Wales, plans to import

coke

IOL Chemicals: Passes ANVISA GMP audit for 10 APIs in Punjab

with no issues

L&T Finance: Board approves raising ₹1.01 lakh crore through

NCDs

Genesys International: Wins ₹155.85 crore BMC project with

Veritas (India) consortium

HG Infra Engineering: JV wins ₹1,026 crore project from Jodhpur

Vidyut Vitran Nigam

Sonata Software: Partners with zones for enterprise application

delivery

RPP Infra: Secures ₹94.13 crore orders from Tamil Nadu's SPICOT.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net sellers with total sales amounting to

FII
Rs -2051.1 on 18 Mar 2024

DII were net buyers with total sales amounting to

DII
Rs 2260.9 Cr on 18 Mar 2024

Pre-Market Pulse www.premarketpulse.com 05

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