Bizz Buzz Pre-market Today: Things to know before the opening bell

The market sentiment for Nifty50 remains positive, with experts anticipating a move towards the 21,000 mark in the coming days. The index has shown a consistent gap-up opening and a formation of higher highs and higher lows for six consecutive days. The BSE Sensex rallied 431 points to 69,296, and the Nifty50 climbed 168 points to 20,855 on December 5. A bullish candlestick pattern with a long lower shadow on the daily scale suggests some profit-taking but buying interest at lower levels.

The Relative Strength Index (RSI) reached overbought levels (83) on daily charts but still showed uptrends on daily, weekly, and monthly charts. The prevailing positive trend is supported by critical moving averages, and the RSI's bullish crossover indicates positive momentum.

Experts suggest resistance for Nifty at 21,000, where significant Call writers are positioned, while support is seen at 20,700-20,500. The hourly momentum indicator has triggered a negative crossover, indicating a loss of upside momentum, but experts recommend riding the uptrend with a trailing stop-loss mechanism until evidence of a correction is observed.

The India VIX, measuring expected volatility, climbed for another session, closing at 13.46, the highest level in over eight months. However, the broader markets did not trade in line with benchmarks, and the breadth favored bears.

Key support and resistance levels for Nifty are projected at 20,869, 20,905, and 20,963 on the upside, with support at 20,752, 20,716, and 20,657 on the downside.

For Nifty Bank, the positive trend is acknowledged, with expectations of touching 48,000 in the short term. Resistance levels are identified at 47,186, 47,322, and 47,542, while support is anticipated at 46,745, 46,609, and 46,388.

In options data, the 21,000 strike owns the maximum Call open interest, acting as a key resistance level, followed by the 21,500 strike. Put data indicates 20,700 as the key support level, followed by 20,000 and 20,500.

Stocks with high delivery percentage include Bosch, Page Industries, Hindustan Unilever, ICICI Prudential Life Insurance Company, and Syngene International.

In the futures segment, 46 stocks witnessed a long build-up, 23 stocks saw long unwinding, 55 stocks saw a short build-up, and 63 stocks saw short-covering.

The Nifty Put Call ratio (PCR) dropped slightly to 1.37 on December 5, indicating a bearish sentiment. Foreign institutional investors (FIIs) bought shares worth Rs 5,223.51 crore, while domestic institutional investors (DIIs) sold Rs 1,399.18 crore worth of stocks on December 5.

Stocks under F&O ban on NSE for December 6 include Delta Corp, Indiabulls Housing Finance, India Cements, and Zee Entertainment Enterprises. Investors are advised to consult certified experts before making investment decisions.