The ADR for HDFC Bank went up by 3%. Gap-up is what GIFT NIFTY means! – Report on Pre-Market Analysis


Yesterday’s Market

Yesterday, NIFTY opened with a gap-down at 21,839 and found support. In general, the market had a short covering day. From the day’s low, there was a rise of more than 400 points. NIFTY was up 151 points, or 0.69%, at the end of the day, at 22,147.

The U.S. markets ended with a mixed bag. It was a mixed day on the European markets.


Today’s Expectation

Asian stock prices are going up.

There is green trade in the U.S. Future.

The GIFT NIFTY is up about 2% at 22,286.

When put together, all of these signs point to a gap-up opening in the market.

These levels back the NIFTY: 22,080, 22,000, and 21,900. The levels of resistance are expected to be 22,210, 22,280, and 22,440.

Money can be saved at 47,400, 47,200, and 47,000. Anticipate problems at 47,800, 47,900, and 48,080.

Investors from outside India bought stock worth a total of 129 crores on Friday. Indian institutional investors sold stock worth a total of Rs 52 crores.


INDIA VIX went up to 13.45.

In the Indian markets on Friday, there was a real short-covering surge.

The Asian markets are back in the green now that the situation between Israel and Iran has calmed down. GIFT NIFTY also shows a gap-up start of 190 points.


There were results from HDFC Bank yesterday, and the U.S. ADRs show a 3% rise. Let us see what the stock does today on the market.

It is also likely that Reliance will announce its Q4 results today after the market closes.

Call OI interest is high in BANKNIFTY at 48,000. Carefully look out for this.


This is what you should watch out for today:

Response to the HDFC Bank results
GIFT NIFTY Reliance scores show a gap-up
Since FIIs are expected to buy a small net amount of stocks on Friday, I will continue to invest in the index in stages, as we talked about yesterday.

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