PRE MARKET REPORT 11.05.2021

 Pre Market Report                                                                                                 DAY 7 : 11.05.2021

Hello Everyone, Sorry There Were No Blogs For 2 Days As I Got Vaccinated and was having mild Fever.

1. Today The Indian Index Started with Red And Ended up Negative.
2. Panic was there in market because a 3rd variant of COVID is Likely to be found in India.
3. With NIFTY closed with  (0.61%) and BankNifty With (0.82%).
4. Second Wave of COVID-19 Could Bring Down GDP Rate to 8.2% , If Cases Peak By June End : CRISIL .
5. FII Sold 336 Cr in Cash Market & DII Sold 677 Cr.
6. Todays Index Top Gainer Was Nifty CPSE & Top Losers Was Nifty FINANCE. .
7. My Previous Position in  Nifty May Future was at Spot Price 14950 With a Revised SL of 14900 at cost & Target of 14200,14000 , Yesterday Hit Stop Loss Near Cost 14920. ( Made Low 14460)
8. Today Made a Straddle For 20th May Expiry Sold 15050CE @ 75 & Sold 14500PE @ 52. Total Cost is 127 , SL 160 , TGT 0
9. For Tomorrow Intraday Range is 14770 to 14880 , Trade Either on Breakout or Breakdown.
10. Tomorrow is Wednesday & Expiry Day Because On Thursday Market will Closed on Occasion Of Eid.
11. India VIX Down by 2% Currently At 19.83.

 

12. Ideas for Intraday For 12.05.2021 ( Only Valid For Morning Session ) :

• RELIANCE : Buy Above 1941 , SL 1932 , TGT 1947 & 1955
• INDUSIND BANK :  Buy Above 963 , SL 955 , TGT 968 & 975
• AMARRAJA BATTERY : Buy Above 794 , SL 788 , TGT 799 & 804
• ACC : Buy Above 1922 , SL 1914 , TGT 1928 & 1935
• Dr. Reddy : Sell Below 5272 , SL 5305 , TGT 5230 & 5215 

13. We Provide Free Books on Stock Market if you Open Zerodha Demat Account Through us , E-Mail us on yash.gupta.2102@gmail.com For Details.. 💸💸💸

                                                      THANYOU | HAPPY TRADING