Pre-Market Report by Sharemarket IPO Guru

Fri, 31 May 2024

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

Name LTP Change Change%

GIFT Nifty Asia 22,686.5 +23.5 +0.10%

Dow Jones US 38,111.48 -330.06 -0.86%

Nasdaq US 16,737.08 -183.50 -1.08%

S&P 500 US 5,235.48 -31.47 -0.60%

Hang Seng Asia 18,450.00 +219.81 +1.21%

Nikkei 225 Asia 38,169.00 +156.50 +0.41%

KOSPI Asia 2,643.61 +8.17 +0.31%

FTSE 100 Europe 8,231.05 +47.98 +0.59%

Indian Indices As of Most Recent Market Close

Sensex 73,885.60 -617.30 -0.83%

Nifty 50 22,488.65 -216.05 -0.95%

Nifty Bank 48,682.35 +181.00 +0.37%

India VIX 24.1750 0.0000 0.00%

Sharemarket IPO Guru 01

Market Bulletin
1. Sensex and Nifty expected to open flat, tracking mixed global cues.

2. Asian markets mostly up, while US markets fell due to tech stock selloff.

3. US GDP growth revised down, jobless claims higher than expected.

4. Increased likelihood of a Fed rate cut in September.

5. Sensex and Nifty fell sharply on Thursday amid F&O expiry, extending
losses for the fifth session.

6. Japanese and South Korean markets rose; Hong Kong futures indicated
a lower opening.

7. US tech stocks saw significant selloff; Salesforce and Dell shares

dropped sharply.

8. China's manufacturing activity contracted unexpectedly in May.

9. Oil prices fell due to unexpected US gasoline stock build and Fed
comments on rate cuts.

10. India's real GDP growth rose to 7.60% in 2023-24 (vs 7.0% in 2022-23):
RBI.

11. NSE launched India's first EV sector index 'Nifty EV & New Age
Automotive'. It will track listed EV manufacturing and related companies.

12. Dollar weakened against major currencies after US GDP revision.

Sharemarket IPO Guru 02

Technical Analysis

50 Nifty

1. Market Performance: Nifty fell nearly 1%, closing at 22,489, forming a

bearish candlestick pattern.

2. Support Levels: Immediate supports are at 22,400 and 22,300.

3. Resistance Levels: Potential rebound could test resistance at

22,700-22,800.

4. Technical Indicators: Tested and defended 20-day SMA and 50%

Fibonacci retracement (21,821 to 23,111).

5. Patterns: Lower highs and lower lows for three consecutive days, with
a negative bias in RSI on daily and weekly charts.

Bank Nifty

1. Market Performance: Bank Nifty rose 0.37% to 48,682, forming a bullish

candlestick pattern.

2. Support Levels: Immediate supports are at 48,300 and 48,000.

3. Resistance Levels: Facing a hurdle at 49,000.

4. Technical Indicators: Rebounded from near the 20-day SMA, trading

above all key moving averages.

5. Patterns: Strongly defended 20-day EMA and mid-Bollinger Band,

indicating bullish strength.

Sharemarket IPO Guru 03

 Nifty Call Options Data
1. Maximum Call open interest at 22,500 strike (2.31 crore contracts).

2. Significant Call writing at 22,500 strike (2.1 crore contracts added).

3. Other notable strikes: 22,600 (1.56 crore contracts), 23,000

(1.52 crore contracts).

4. Maximum Call unwinding at 23,500 strike (26.55 lakh contracts shed).

Nifty Put Options Data

1. Maximum Put open interest at 22,500 strike (1.24 crore contracts).

2. Significant Put writing at 22,500 strike (43.65 lakh contracts added).

3. Other notable strikes: 22,000 (94.07 lakh contracts), 22,300

(94.07 lakh contracts).

4. Maximum Put unwinding at 22,700 strike (39.37 lakh contracts shed).

Technical Analysis Source:

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

Sharemarket IPO Guru 04

Key Stocks to Watch
1. Apollo Hospitals: EBITDA margin and net profit better than estimates.
Hospital occupancy at 65%, revenue up 16%.

2. Muthoot Finance: Net Interest Income at ₹2,134.8 crore. AUM growth of

20% year-on-year.

3. Bharat Dynamics: Net profit up 89% to ₹288.8 crore. Revenue up 7% to

854.1 crore.

4. Welspun Corp: Net profit up 19.7% to ₹287.3 crore. EBITDA margin at

7.4% from 10.3%.

5. Snowman Logistics: Net profit down 58.8% to ₹2.1 crore. Revenue up

12.6% to 126.5 crore.

6. Praj Industries: Net profit up 4.3% to ₹91.9 crore. Order intake at *924
crore.

7. Jio Financial Services: Launches Jio Finance app in Beta version,

integrating digital banking and UPI transactions.

8. Insurance Companies: Seek lower GST on insurance products from

18% to 12%.

9. Suven Pharma: Net profit down 56.9% to ₹53.4 crore. EBITDA margin
at 29% from 46.5%.

10. Mrs. Bectors Food: Revenue up 17.5% to ₹406.4 crore. Net profit up
21.3% to ₹33.6 crore.

11. Bharat Rasayan: Net profit at ₹67.1 crore from 30.3 crore. EBITDA
margin at 22.4% from 19.3%.

12. Gujarat Alkalies: Net loss of ₹46.2 crore. Revenue down 12% to 1,001.6
crore.

Sharemarket IPO Guru 05

13. Swan Energy: Net profit at ₹26.6 crore. Revenue up 49.8% to 1,398 crore.

14. Kewal Kiran Clothing: Net profit up 20% to ₹37.6 crore. Parent to invest
₹166.5 crore in Kraus Casuals.

15. KIMS: Arm to set up a super specialty hospital in Bengaluru.

16. Mold-Tek Packaging: Net profit down 21.7% to 18 crore. Selected as a

preferred supplier for Grasim Paints.

FII were net sellers with total sales amounting to

FII
Rs -3050.2 Cr on 30, May 2024

DII were net buyers with total sales amounting to

DII
Rs 3432.9 Cr on 30, May 2024

PCR of indices

Indices PCR Change

Nifty 0.52 -0.12

Bank Nifty 0.81 +0.16

Fin Nifty 0.6 -0.08

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

Feedback

Do you have any feedback or suggestions? We'd love

to hear from you. Please feel free to send an email to
info@sharemarketipo.in

Contact Us

info@sharemarketipo.in

+91 6355 164 289

sharemarketipo.in

Privacy:
We respect your privacy. Your personal details and phone number are secure with us and will not be shared
with anyone.

Disclaimer:
By utilising "SHARE MARKET IPO" it's important to acknowledge that our service does not offer investment tricks,
tips, or specific buy or sell recommendations. Our reports are crafted for informational purposes only. While we
strive for accuracy, the contents of the PDF may contain errors; therefore, we strongly encourage you to
conduct your own research before making any investment decisions. "Pre-Market Pulse" accepts no
responsibility for the outcomes of your investment choices. It is your responsibility to perform due diligence.
The information we provide is sourced from publicly available data; we do not engage in independent
research or endorse any specific investment strategies. If at any point you decide that "Pre-Market Pulse" does
not align with your informational needs, you have the option to discontinue receiving our reports and exit our
community.

Terms & Conditions:

By subscribing to "SHARE MARKET IPO" you're choosing to stay informed with the latest market news. We
diligently work to deliver regular reports on market trends, but please understand that there may occasionally
be days when we are unable to send a report. Recognizing the need for flexibility, we offer a refund policy that
allows for cancellations within three days of your purchase. It's crucial to note that "Pre-Market Pulse" does not
provide financial analysis or expert advice; our service is focused on consolidating and presenting the latest
market news. Your subscription to our services indicates your agreement to these terms. We reserve the right
to modify these terms at any time, and your continued engagement with "Pre-Market Pulse" reflects your
acceptance of any such changes.

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

Sharemarket IPO Guru 07