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Thu, 18 Apr 2024

Global Indices As of Today at 7:30 am in the Morning

Name LTP Change Change %

GIFT Nifty Asia 22154.00 -33.00 -0.15%

Dow Jones US 37,753.31 -45.66 -0.12%
Nasdaq US 15,683.37 -181.88 -1.15%
S&P 500 US 5,022.21 -29.20 -0.58%
Hang Seng Asia 16,319.00 +67.16 +0.41%
Nikkei 225 Asia 37,946.00 -55.00 -0.14%
KOSPI Asia 2,625.03 +40.85 +1.58%
FTSE 100 Europe 7,847.99 +27.63 +0.35%

Indian Indices As of Most Recent Market Close

Sensex 72,943.68 -456.10 -0.62%

Nifty 50 22,147.90 -124.60 -0.56%
Nifty Bank 47,484.80 -288.45 -0.60%
India VIX 12.6150 +0.1475 +1.18%

Pre-Market Pulse www.premarketpulse.com 01

Market Bulletin
India's Sensex and Nifty indices indicate a start in the red for
today

Both Sensex and Nifty have closed lower in the last three
sessions, influenced by global market trends and higher US
treasury bond yields

US markets ended lower with declines in major indices

including the Dow Jones, S&P 500, and Nasdaq, influenced by
falling crude prices and cautious commentary from the US
Federal Reserve

Mixed performances were noted in Asian markets, tracking

Wall Street's recent losses

Infosys and Bajaj Auto are set to announce their Q4 financial

results, with varying expectations based on recent market and
operational developments

The IMF has increased India's GDP growth forecast for FY25,
maintaining the country's status as the fastest growing major
economy

Paytm Payment Services responded to speculations about its

license application, confirming no deferral or penalties so far

Apple has formed a joint venture with CleanMax to invest in 6

rooftop solar projects to power its India operations

The RBI is seeking public comments on new draft regulations

for payment aggregators, reflecting the increased focus on
digital transaction security

The NSE announced it will cease issuing new futures and

options contracts for Zee Entertainment after the current ones
expire.
Pre-Market Pulse www.premarketpulse.com 02
Technical Analysis
50 Nifty

The Nifty is expected to consolidate with immediate support at

22,100 and key support at 22,000. Resistance levels on the
higher side are at 22,300-22,400

A "Spinning Top" candlestick pattern indicates potential for a

recovery, but the sentiment remains bearish with a
recommended "sell on rise" strategy

Technical trends show weakening as the index fell below the

21-day EMA, with short-term support likely within the
21,930-22,030 range

There is potential for a pullback move towards 22,400,

especially as hourly readings are oversold and market breadth
is positive.

Bank Nifty

Bank Nifty faced pressure but managed to hold the 50 percent

Fibonacci retracement level at 47,440, with a potential
recovery expected towards 48,000-48,200

Support levels for Bank Nifty are calculated at 47,358, with

resistance potentially at 47,512 and higher.

Pre-Market Pulse www.premarketpulse.com 03

 Nifty Call Options Data
Maximum Call open interest is at the 22,500 strike, indicating
key resistance at this level

Significant Call writing occurred at the 22,200 and 22,300

strikes, adding considerable contracts and suggesting these
as further resistance points

Call unwinding was notable at the 23,100 strike, suggesting a

decrease in resistance expectations at this higher level.

Nifty Put Options Data

The 22,000 strike has the maximum Put open interest,
providing a strong support level for the Nifty

Notable Put writing was seen at the 21,900 and 22,100 strikes,
which could bolster the support levels

Put unwinding at the 22,300 strike could indicate diminishing

support at this level.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
thursday-15-things-to-know-before-opening-bell-28-12661871.html

Pre-Market Pulse www.premarketpulse.com 04

Key Stocks to Watch
Vodafone Idea: FPO opens, ₹18,000 crore raised, investors include
GQG, Fidelity, UBS. Anchor book investment totals nearly ₹6,000
crore

Infosys: Partners with Proximus (Belgium) for customer service

operations. To report Q1 earnings after market on Thursday

Zee Entertainment: Withdraws merger application with Sony from

NCLT, continues claims in Singapore arbitration. To be removed
from F&O segment on June 28, 2024

Biocon: Signs agreement with Brazil's Biomm for commercialization

of diabetes drug Semaglutide

Piramal Pharma: Receives USFDA EIR for Riverview facility after

February 2024 inspection

Angel One: Q1 revenue up 64.3% to ₹1,357.2 crore, net profit rises

27.3% to ₹340 crore, EBITDA up 37.2%

Shilpa Medicare: Austrian regulators issue GMP certification to

Telangana Unit 4, manufacturing sterile injections and tablets

Ambuja Cements: Adani Group raises stake to 70.3% with ₹8,339

crore infusion, plans to double capacity by 2028

Paytm: No updates on Payment Services' license application, no

deferrals or penalties communicated

Brigade Enterprises: Reports record pre-sales of ₹6,013 crore in

FY 2024, optimistic of continued strong residential demand

Sunteck Realty: Q1 pre-sales up 26% YOY to ₹678 crore, annual

pre-sales up 20%

Power Grid: Board approves bond issuance up to ₹12,000 crore for

FY 2025.
Pre-Market Pulse www.premarketpulse.com 05
 Jubilant Pharmova: Roorkee facility inspection by USFDA
concludes with compliance, classified as closed

KIMS: Faces income tax demand of ₹307 crore

JSW Energy: Wins arbitral claim of ₹120 crore against Tamil Nadu
Generation and Distribution Corporation, plus 9% interest.

FII were net sellers with total sales amounting to

FII
Rs -4468.1 on 16 Apr 2024

DII were net buyers with total sales amounting to

DII
Rs 2040.4 Cr on 16 Apr 2024

PCR of Indices
Indices PCR Change

Nifty 0.61 -0.02

Bank Nifty 0.84 +0.3
Fin Nifty 0.99 +0.33

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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