BizzBuzz Pre-market Today: Things to know before market opens

After reaching a milestone of 21,000, the market is expected to undergo consolidation and range-bound trade.

Technical Analysis: Immediate resistance at 21,000-21,100 levels, support at 20,850, followed by 20,700-20,500 levels. The overall trend is positive as long as the index holds 20,500.

Recent Performance: On December 8, the benchmark indices (BSE Sensex and Nifty50) saw record closing highs.

Nifty and Nifty Bank Analysis:

Support and Resistance Levels: Pivot point calculator indicates Nifty resistance at 21,001, 21,035, and 21,089. Support at 20,891, 20,857, and 20,803 levels.

Nifty Bank Performance: Positive momentum expected to continue, with the next immediate hurdle at 47,800 – 48,000. Crucial support at 46,800 – 46,700.

Options Data:

Call Options: Maximum open interest at 21,000 strike, followed by 21,500 and 22,000 strikes.

Put Options: Maximum open interest at 20,000 strike. Meaningful put writing at 20,300 and 20,500 strikes.

Stock Movements:

Delivery Percentage: Syngene International, SBI Life Insurance Company, PI Industries, Page Industries, and City Union Bank saw high delivery percentages among F&O stocks.

Long Build-Up (25 stocks): GMR Airports Infrastructure, Hindustan Copper, Coforge, UltraTech Cement, Bank of Baroda, etc.

Long Unwinding (75 stocks): Balrampur Chini Mills, National Aluminium Company, Delta Corp, SAIL, Container Corporation of India, etc.

Short Build-Up (57 stocks): ITC, Bajaj Finance, Tata Steel, BPCL, Aditya Birla Capital, etc.

Short Covering (31 stocks): India Cements, L&T Technology Services, Zee Entertainment, InterGlobe Aviation, IndusInd Bank, etc.

Market Indicators:

Nifty Put Call Ratio (PCR): Declined to 1.2, indicating a decrease in bullish sentiment.

Corporate Actions and News:

Board Meetings: Fedbank Financial Services and SpiceJet to consider unaudited financial results.

Amendment Agreement: Torrent Power, Automotive Axles, and TSU3PL signed an agreement for additional solar power electricity.

Zomato Exit: SVF Growth (Singapore) Pte Ltd, owned by Softbank, exited Zomato by selling 9.35 crore equity shares.

Bank of India: Closed QIP, raising Rs 4,500 crore at an issue price of Rs 100.2 per share.

Other Market Data:

Bulk Deals: Check the latest bulk deals.

FII and DII Data: FIIs net bought shares worth Rs 3,632.30 crore, while DIIs sold Rs 434.02 crore worth of stocks on December 8.

F&O Ban List: Hindustan Copper added, India Cements removed from the F&O ban list.

Disclaimer:

The views expressed are those of the experts, and readers are advised to check with certified experts before making investment decisions.

Market Closing:

Nifty scales 21,000 with a 6th week of gains, Bank index up 5% for the week.

Please note that the information provided here is a summary, and for specific trading decisions, readers should refer to the complete article and consult with financial experts.