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Tue, 4 Jun 2024

Global Indices As of Today at 7:31 am in the Morning

Name LTP Change Change %

GIFT Nifty Asia 23,574.0 +107.0 +0.46%

Dow Jones US 38,571.03 -115.29 -0.30%
Nasdaq US 16,828.63 +93.62 +0.56%
S&P 500 US 5,283.40 +5.89 +0.11%
Hang Seng Asia 18,462.00 +58.96 +0.32%
Nikkei 225 Asia 38,711.50 -229.00 -0.59%
KOSPI Asia 2,670.08 -12.44 -0.46%
FTSE 100 Europe 8,262.75 -12.63 -0.15%

Indian Indices As of Most Recent Market Close

Sensex 76,468.78 +2507.47 +3.39%

Nifty 50 23,263.90 +733.20 +3.25%
Nifty Bank 50,979.95 +1996.00 +4.07%
India VIX 20.9375 -3.6650 -14.90%

Pre-Market Pulse www.premarketpulse.com 01

Market Bulletin
Sensex and Nifty expected to open higher on June 4

Indian stock market hit record highs, with Sensex and Nifty 50
surging over 3% each after exit polls indicated a BJP-led
alliance win

Asian markets traded lower; US markets ended mixed due to

weak manufacturing data, raising hopes for a Fed rate cut

Wall Street saw mixed results, with Nvidia shares rallying and a
technical glitch affecting NYSE trading

US Treasury yields and the dollar fell following weak PMI data

India VIX dropped over 15%, indicating reduced market

volatility ahead of election results

FII were heavy buyers, and analysts suggest potential for

further FII inflows if NDA is re-elected

Analysts advise caution and profit booking due to potential

market volatility following the election results

BSE-listed companies' market cap increased by ₹14 lakh crore,

with major contributions from Reliance Industries, SBI, and
ICICI Bank hitting record highs

PSU stocks, especially in the Nifty PSE and PSU bank indices,
saw significant gains, with REC, PFC, and Power Grid leading
the surge

Oil prices remained near four-month lows due to OPEC's plans

to increase supply.

Pre-Market Pulse www.premarketpulse.com 02

Technical Analysis

50
Nifty

Closing Level: Nifty 50 closed above 23,250 for the first time,

gaining 733 points

Support Levels: Immediate support at 23,000; pivot point

supports at 23,116, 23,051, and 22,945

Resistance Levels: Expected to surpass 23,500; pivot point

resistances at 23,327, 23,392, and 23,498

Special Formation: Higher high-higher low formation, trading

above key moving averages, positive RSI crossover on daily

and weekly charts.

Bank Nifty

Support Levels: Pivot point supports at 50,338, 50,092, and

49,695; Fibonacci retracement supports at 50,152 and 49,542

Resistance Levels: Pivot point resistances at 51,133, 51,378,

and 51,776; Fibonacci retracement resistances at 51,825 and

54,819

Special Formation: Higher high-higher low formation, positive

bias in RSI and MACD, robust trading volumes.

Pre-Market Pulse www.premarketpulse.com 03

 Nifty Call Options Data

Maximum Open Interest: 24,000 strike (98.45 lakh contracts)

Significant Strikes: 23,500 strike (71.07 lakh contracts);

24,500 strike (67.42 lakh contracts)

Maximum Call Writing: 24,000 strike (35.4 lakh contracts).

Nifty Put Options Data

Maximum Open Interest: 22,500 strike (39.46 lakh contracts)

Significant Strikes: 22,000 strike (38.39 lakh contracts); 23,000

strike (26.42 lakh contracts)

Maximum Put Writing: 23,200 strike (16.12 lakh contracts).

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
tuesday-15-things-to-know-before-opening-bell-34-12739691.html

Pre-Market Pulse www.premarketpulse.com 04

Key Stocks to Watch
Zee Entertainment: Board meeting on June 6 to consider equity
share fund raise

Kalyan Jewellers: Acquires 15% equity from Rupesh Jain; Enovate

becomes a 100% subsidiary. Acquisition in three tranches by Nov
30, 2024, for ₹42 crore

Sapphire Foods: Board meeting on June 19 to consider stock split

MOIL: Sales hit 2.15 lakh tonnes in May, surpassing Dec 2019
record; sales up 41% YoY. April-May production up 7%

Biocon: USFDA approval for Micafungin, an antifungal injectable

drug

Mahindra & Mahindra Financial Services: May disbursement at

₹4,430 crore, up 7% YoY. YTD disbursement at ₹8,360 crore, up
6%. Collection efficiency at 96%

RVNL: Letter of Acceptance from South Central Railway for ₹440

crore order

Veranda Learnings: Subsidiary Tapasya Educational announces

growth strategy to expand managed college network and course
offerings

Sanofi India: Record date for demerged company shareholders set

for June 13, 2024

Capacite Infra: Board meet to consider ₹100 crore NCD fund raise
delayed for modifications.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net buyers with total sales amounting to

FII
Rs 6850.8 Cr on 3, Jun 2024

DII were net buyers with total sales amounting to

DII
Rs 1914 Cr on 3, Jun 2024

Weekly PCR of Indices

Indices PCR Change

Nifty 0.89 +0.13

Bank Nifty 0.68 -0.08

Fin Nifty 0.6 +0.09

A PCR above 1 indicates that the put volume has exceeded the call
volume. It indicates an increase in the bearish sentiment.



A PCR below 1 indicates that the call volume exceeds the put volume.
It signifies a bullish market ahead.

Pre-Market Pulse www.premarketpulse.com 06

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