Pre-Market Report by Sharemarket IPO Guru

Wed, 22 May 2024

Global Indices As of Today at 7:49 am in the Morning

Name LTP Change Change%

GIFT Nifty Asia 22,634.0 +16.0 +0.07%

Dow Jones US 39,872.99 +66.22 +0.17%

Nasdaq US 16,832.62 +37.75 +0.22%

S&P 500 US 5,321.41 +13.28 +0.25%

Hang Seng Asia 19,339.00 +118.38 +0.62%

Nikkei 225 Asia 38,728.50 -225.00 -0.58%

KOSPI Asia 2,726.86 +2.68 +0.10%

FTSE 100 Europe 8,416.45 -7.75 -0.09%

Indian Indices As of Most Recent Market Close

Sensex 73,953.31 -52.63 -0.07%

Nifty 50 22,529.05 +27.05 +0.12%

Nifty Bank 48,048.20 -151.30 -0.31%

India VIX 21.8100 +1.2850 +6.26%

Sharemarket IPO Guru 01

Market Bulletin
1. The Indian stock market is expected to open flat on Wednesday due to
mixed global cues.

2. Asian markets showed mixed results, with Japan's Nikkei 225 falling
0.5% and South Korea's Kospi declining 0.35%. Hong Kong's Hang Seng
index indicated a slightly weaker start.

3. The US stock market ended higher, with the S&P 500 and Nasdaq
closing at record levels. The Dow Jones gained 66.22 points, the S&P 500
rose 13.28 points, and the Nasdaq Composite added 37.75 points.

4. Key US stocks showed varied movements: Nvidia rose 0.64%, AutoZone

fell 3.53%, Macy's jumped 5.13%, JPMorgan Chase rallied 2.01%, and IBM
gained 2.09%.

5. US Federal Reserve officials indicated a wait-and-see approach on

interest rate cuts, emphasizing the need for inflation to return to the 2%
target.

6. Japan's trade data revealed an 8.3% rise in both exports and imports
in April, leading to a trade deficit of 462.5 billion yen ($2.96 billion).

7. India's net oil and gas imports rose 7% year-on-year to $12.3 billion in
April 2024: Petroleum Planning & Analysis Cell.

8. India rose to 39th rank globally in the Travel & Tourism Development
Index 2024 report. India topped the list among South-Asian countries.
The US stood first globally: World Economic Forum.

9. Crude oil prices continued to decline due to increasing US crude

inventories. Brent crude fell to $82.41 per barrel, and WTI crude futures
declined to $79.26 per barrel.

Sharemarket IPO Guru 02

Technical Analysis

50 Nifty

1. Closed at 22,529, up 27 points or 0.12%.

2. Formed a bullish candlestick pattern on daily charts.

3. RSI shows positive crossover on daily charts but negative on

hourly charts.

4. Expected consolidation between 22,400-22,600.

5. Support at 22,300-22,200; resistance at 22,700-22,800.

Bank Nifty

1. Closed at 48,048, down 151 points or 0.31%.

2. Formed a bullish candlestick pattern with a long upper shadow.

3. Key resistance levels: 48,205, 48,284, 48,411 (pivot points); 48,478,

48,830 (Fibonacci retracement).

4. Key support levels: 47,951, 47,873, 47,746 (pivot points); 47,773, 47,621
(Fibonacci retracement).

Sharemarket IPO Guru 03

 Nifty Call Options Data
1. Maximum Call open interest at 23,000 strike (key resistance), followed
by 22,500 and 22,800 strikes.

2. Maximum Call writing at 23,000 strike, followed by 22,600 and 22,900

strikes.

3. Maximum Call unwinding at 22,300 strike, followed by 22,000 and

22,200 strikes.

Nifty Put Options Data

1. Maximum Put open interest at 22,500 strike (key support), followed

by 22,400 and 22,000 strikes.

2. Maximum Put writing at 22,500 strike, followed by 21,800 and

22,200 strikes.

3. Put unwinding at 21,500 strike, followed by 21,400 and 21,200 strikes.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
Wednesday-15-things-to-know-before-opening-bell-23-12637641.html

Sharemarket IPO Guru 04

Key Stocks to Watch
1. Apollo Tyres: Warburg Pincus subsidiary White Iris may sell its entire
3.54% stake via block deals. Offer size likely worth ₹1,041 crore at a floor
price of ₹463 per share, a 4% discount to Tuesday's closing price.

2. Coforge: Launches QIP to raise up to ₹2,240 crore with a floor price of

₹4,531, a 5.4% discount to Tuesday's closing price. Proceeds to fund the
acquisition of Cigniti Technologies.

3. BHEL: Net profit down 25.6% to ₹489.6 crore, revenue flat at 8,260 crore.
Declares final dividend of ₹0.25 per share. Order inflow in Q4 at ₹41,859
crore, up 4x from last year.

4. PI Industries: Revenue up 11.2% to ₹1,741 crore, EBITDA up 29% to 442

crore. Net profit up 32% to ₹369.5 crore. Sequential decline with revenue
down 8.2% and EBITDA down 22% from the December quarter.

5. Metropolis Healthcare: Net profit up 9.3% to ₹36.4 crore, revenue up

17.2% to ₹331 crore. EBITDA margin at 24.2%. Core business revenue
increased by 15%, B2C revenue up 20%.

6. IRCON International: Order book at ₹27,208 crore. Declares dividend

of ₹1.3 per share. Revenue flat at ₹3,743 crore. EBITDA up 14.7% to ₹424
crore.

7. Gulf Oil Lubricants: Net profit up 38.74% to ₹86.2 crore, revenue up 9.8%
to ₹869.6 crore. Declares final dividend of 20 per share. Volume growth
rate 2x of industry.

8. JK Tyre: Net profit up 56.2% to ₹169.3 crore, revenue up 1.8% to 3,698.5

crore. EBITDA up 28% to ₹481.1 crore. Net debt down to 3,704 crore.

9. VA Tech Wabag: Revenue flat at ₹934.2 crore, EBITDA up 6.5% to 115.5

crore. Net profit of ₹78.1 crore. Order book at ₹11,448 crore.

Sharemarket IPO Guru 05

Key Stocks
Key Stocks to Watch
to Watch
10. Hitachi Energy: Revenue up 27% to ₹1,695.28 crore, net profit more
than doubles to ₹113.66 crore. EBITDA up 91% to 182 crore.

11. Sheela Foam: Net profit up 49.5% to ₹64.6 crore, revenue up 16% to
₹845.2 crore. Kurlon integration on track with 7% EBITDA margin.

12. GR Infraprojects: Emerges L1 bidder for two projects worth ₹4,346

crore from Maharashtra State Road Development Corporation Ltd

FII were net sellers with total sales amounting to

FII
Rs -1874.5 Cr on 21, May 2024

DII were net buyers with total sales amounting to

DII
Rs 3549 Cr on 21, May 2024

PCR of indices

Indices PCR Change

Nifty 1.09 -0.15

Bank Nifty 0.72 -0.25

Fin Nifty 0.88 -0.17

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.

Sharemarket IPO Guru 06

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Source:
Information sourced from Investing.com, Moneycontrol, and many other online publications.

Sharemarket IPO Guru 07