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Fri, 17 May 2024

Global Indices As of Today at 7:51 am in the Morning

Name LTP Change Change %

GIFT Nifty Asia 22,477.5 +6.5 +0.03%

Dow Jones US 39,869.38 -38.62 -0.10%
Nasdaq US 16,698.32 -44.07 -0.26%
S&P 500 US 5,297.10 -11.05 -0.21%
Hang Seng Asia 19,451.00 +74.47 +0.38%
Nikkei 225 Asia 38,758.00 -163.00 -0.42%
KOSPI Asia 2,731.15 -21.85 -0.79%
FTSE 100 Europe 8,438.65 -7.15 -0.08%

Indian Indices As of Most Recent Market Close

Sensex 73,663.72 +676.69 +0.93%

Nifty 50 22,403.85 +203.30 +0.92%
Nifty Bank 47,977.05 +289.60 +0.61%
India VIX 19.9950 -0.2775 -1.37%

Pre-Market Pulse www.premarketpulse.com 01

Market Bulletin
Indian Stock Market: indicating a flat start for Indian stock
market indices
Asian Markets: Traded lower with Japan’s Nikkei 225 falling
0.78%, Topix down 0.33%, South Korea’s Kospi declined
0.11%, and Kosdaq plunged 1.66%. Hong Kong’s Hang Seng
index futures indicated a higher opening
Global Market Cues: Positive global cues led to a rebound in
domestic equities. However, concerns about FII selling, India
VIX above 20, ongoing general election polling, and potential
outcomes could increase volatility
Wall Street: Ended lower with Dow Jones briefly surpassing
40,000 before closing down 38.62 points (0.10%). S&P 500 fell
11.05 points (0.21%) and Nasdaq Composite declined 44.07
points (0.26%). Key movers included Walmart (+7%), Deere
(-4.8%), Chubb (+4.7%), GameStop (-30%), and AMC
Entertainment (-15%)
US Jobless Claims: Fell by 10,000 to a seasonally adjusted
222,000, indicating a strong labor market
Bank of Japan: Governor Kazuo Ueda stated there are no
immediate plans to sell its large ETF holdings
Dollar and Treasury Yields: US dollar index rose 0.27% to
104.47. US Treasury yields rebounded, with the 10-year yield
at 4.377% and the two-year yield at 4.793%
Oil Prices: Brent crude oil prices rose 0.3% to $83.48 per
barrel, while WTI crude futures increased 0.2% to $79.41 per
barrel. Brent set for its first weekly increase in three weeks.

Pre-Market Pulse www.premarketpulse.com 02

Technical Analysis

50
Nifty

Market shows strength after consolidation, heading towards

22,500-22,600 if 22,300 acts as support

Nifty 50 maintains higher highs with above average volumes

RSI (53) positive crossover

Resistance: 22,441, 22,530, 22,67

Support: 22,153, 22,064, 21,919

Bank Nifty

Strong recovery brings Bank Nifty closer to 48,000 mark

Maintains higher highs, higher lows for three days

RSI (49.69) positive crossover

Resistance: 48,062, 48,230, 48,50

Support: 47,518, 47,350, 47,07

Fibonacci Resistance: 48,128 - 48,48

Fibonacci Support: 47,645 - 47,517

Pre-Market Pulse www.premarketpulse.com 03

 Nifty Call Options Data
Maximum Call open interest: 22,400 strike (key level), followed
by 22,500 and 22,600 strikes

Maximum Call writing: 22,400 strike, followed by 22,000 and

22,600 strikes

Maximum Call unwinding: 22,200 strike, followed by 22,500

and 23,200 strikes.

Nifty Put Options Data

Maximum Put open interest: 22,400 strike (key level), followed
by 22,000 and 22,100 strikes

Maximum Put writing: 22,400 strike, followed by 22,100 and

22,300 strikes

Maximum Put unwinding: 21,400 strike, followed by 21,300 and

21,200 strikes.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
friday-15-things-to-know-before-opening-bell-30-12724251.html

Pre-Market Pulse www.premarketpulse.com 04

Key Stocks to Watch
Vodafone Idea: Net loss widens to ₹7,674.6 crore from ₹6,986
crore in December. Revenue flat at ₹10,606.8 crore. EBITDA flat at
₹4,336 crore. EBITDA margin at 40.9%. ARPU at ₹146. Capex seen
at ₹50,000-₹55,000 crore over the next three years

Vedanta: Approves ₹11 per share interim dividend for FY25.

Approves raising ₹8,500 crore through equity methods. Record
date for the interim dividend is May 25

PB Fintech: Promoters to sell up to 1.86% equity via block deals,

offer size up to ₹1,053 crore with a floor price of ₹1,258 per share.
Proceeds for tax payment and future ESOP exercises. No further
stake sale planned for at least one year

Biocon: Net profit ₹135.5 crore (below ₹179 crore estimate).

Revenue ₹3,917 crore (above ₹3,840.8 crore estimate). EBITDA
₹916 crore. EBITDA margin 23.4%. Increased market share in US,
Europe, and Emerging Markets

CONCOR: Net profit up 13.5% to ₹317 crore. Revenue up 6.5% to

₹2,325 crore. EBITDA up 11.4% to ₹498 crore. EBITDA margin at
21.4%

Prince Pipes: Net profit down 42% to ₹54.6 crore. Revenue down
3.2% to ₹740.1 crore. EBITDA down 37.8% to ₹92.2 crore. EBITDA
margin at 12.5%. Volume growth of 16% in March quarter

Crompton Greaves: Net profit up 5.5% to ₹138.4 crore. Revenue up

9.5% to ₹1,961 crore. EBITDA down 4% to ₹203.6 crore. EBITDA
margin at 10.4%. Strong ECD revenue growth

Triveni Turbines: Net profit up 36.2% to ₹75.6 crore. Revenue up

24% to ₹458.1 crore. EBITDA up 35.3% to ₹89.8 crore. EBITDA
margin at 19.6%. Highest annual order booking of ₹1,878 crore.

Pre-Market Pulse www.premarketpulse.com 05

 JK Paper: Net profit down 1.7% to ₹275.6 crore. Revenue flat at
₹1,719 crore. EBITDA down 26% to ₹358 crore. EBITDA margin at
20.8%. Impacted by higher raw material costs and lower
realisations.

FII were net sellers with total sales amounting to

FII
Rs -776.5 on 16, May 2024

DII were net buyers with total sales amounting to

DII
Rs 2127.8 Cr on 16, May 2024

PCR of Indices
Indices PCR Change

Nifty 1.15 +0.42

Bank Nifty 0.87 +0.27
Fin Nifty 1.12 +0.38

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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