Domestic Market View
Nifty : Support 11900-840, Resistance 12000-12041. Option data indicating Heavy Put writing at strikes of 11800-850-900, A good sign for a base of nifty at 900-850 range, any dip of 50-65 points on intraday basis is a buy (This is based on Technical and Derivative view, If any bad news then don’t trade). Highest Open Interest at 11900 put and 12000 Call as per June 13th Expiry. Range for trading 11860-12040.
Bank Nifty : Support 31000-30800, Resistance 31400-31550, Option data indicating same game as of Nifty, Heavy Put writing of strikes of 31100 and below, Indicating strong base near 31000, and call unwinding of 31300-400-500 indicating some upside movement as per intraday basis. Highest Open Interest at 31000 Put and 31500 call as per June 13th Expiry. Range 31100-30500
FII bought shares worth 90 Cr. DII sold shares worth of 151 Cr.
VIX at 14.49 lowest levels in last 6 months.
Global Market View
US Index closed in Red after 6 days of gain, Brent oil still in range of $60-62.5, No Major Heavy movement.
Stocks in News
- DHFL : Pays 962 Cr. towards NCD. Link
- Biocon : Today Ex-Bonus date, Price will go down to half of yesterday Closing.
- May CPI numbers and April IIP Numbers today.
- Cholmandalam Investment : Spilting of Face Value from Rs 10 to Rs 2, Ex-Spilt date is 14th June.
- Reliance Industries : KG – D6 Third phase approved.
- Yes Bank : Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.), Non-Executive Independent Director of the Bank has tendered his resignation, Link
- Yes Bank : Ratings placed under ‘Review for Downgrade’ by Moody’s Link
- Reliance Capital : Resignation of one of the statutory auditors of the Company. Link
Stocks For Buying
No New Buying today, One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
Stocks Near Breakout
- TCS : If closes above 2270 with Heavy Volume then it’s a good Breakout.
- Nestle : If closes above 11750 with Heavy Volume then it’s a good Breakout.
- Raymond : If closes above 870 with Heavy Volume then it’s a good Breakout.
- JM Financial : If closes above 96 with Heavy Volume then it’s a good Breakout.
- GHCL : If closes above 272 with Heavy Volume then it’s a good Breakout.
- Indian Hotel : If closes above 160-162 with heavy volume then it’s a good Breakout.
8:00 AM SGX Nifty Indicating Flat to negative opening, US Index flat, Asian peers : Hangseng down by 1%.
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