Global & Indian Market Headlines
- Indian markets expected to open flat to positive; GIFT Nifty opens at 25,500.50, trading at 25,533.00 (+0.10%).
- US markets closed at record highs, with Dow and Nasdaq gaining on optimism over US-India trade talks.
- Asian markets mixed: Nikkei 225 up +0.84%, Hang Seng down -0.87%.
- FIIs turned net buyers on May 07 with ₹2,585.86 crore inflow; DIIs also bought ₹2,378.49 crore.
- Nifty faces resistance at 25,788–25,808; a breakout could target 25,869–25,899.
- Bank Nifty hits a new high of 57,614.50, driven by strong banking sector performance.
- Corporate actions this week include dividend record dates for HDFC Bank, Titan, and Sun Pharma.
Global Indices Snapshot
| Index | Close | % Change |
|---|---|---|
| Dow Jones | 43,729.34 | +0.45% |
| Nasdaq | 19,384.06 | +0.32% |
| FTSE 100 | 8,110.23 | -0.12% |
| Nikkei | 40,487.39 | +0.84% |
| Hang Seng | 24,072.28 | -0.87% |
Commodities
| Commodity | Price | % Change |
|---|---|---|
| Gold | $2,654.20/oz | -0.15% |
| WTI Crude | $71.25/bbl | +0.42% |
| Brent Crude | $74.68/bbl | +0.38% |
| Natural Gas | $2.81/MMBtu | -0.71% |
GIFT Nifty & Nifty Futures
GIFT Nifty opened at 25,500.50, trading at 25,533.00, up +26.50 points (+0.10%) as of 07:54 AM IST, signaling a flat to positive opening for Nifty 50. Nifty Futures closed at 25,546.50, indicating potential stability if global cues remain supportive. Key levels to watch: 25,635 (support) and 25,788 (resistance).
FII/DII Cash Flow
On May 07, 2025, FIIs were net buyers with ₹2,585.86 crore in the cash segment, while DIIs bought ₹2,378.49 crore, reflecting strong institutional support. This contrasts with earlier FII selling of ₹1,561 crore on July 04, indicating a shift in sentiment.
Nifty Option Chain
Put-Call Ratio (PCR): 0.88, indicating a slight bearish bias. Max annuMax Pain: 25,500, likely acting as a magnet for Nifty. Open Interest (OI) buildup is highest at 25,800 Call (resistance) and 25,600 Put (support).
Support & Resistance
SupportΡΡΠΉΠ½ΠΈΡ
Support: 25,635 / 25,707 (based on EMA trend-line and OI buildup).
Resistance: 25,788 / 25,808 (based on OI and technical resistance). A close above 25,790 could trigger bullish momentum, while a drop below 25,635 may signal short-term weakness.
Sectoral Performance
| Sector | % Change |
|---|---|
| Nifty Bank | +0.42% |
| Nifty Financial Services | +0.49% |
| Nifty Pharma | +0.30% |
| Nifty Metal | +0.23% |
| Nifty IT | -0.01% |
| Nifty Auto | -0.15% |
Stocks to Focus
- ICICI Bank: Strong OI buildup in 1,300 Call, bullish momentum in Bank Nifty.
- Reliance Industries: Breakout above 3,100 with high volume, supported by oil & gas sector strength.
- Glenmark Pharma: Bullish chart pattern, potential breakout in pharma sector.
- Bajaj Finance: High PCR in options, signaling potential upside in financial services.
Top Gainers / Losers
| Gainers | % Change | Losers | % Change |
|---|---|---|---|
| ICICI Bank | +1.19% | Trent | -2.50% |
| Bajaj Finance | +1.66% | Tata Steel | -1.80% |
| NTPC | +1.01% | Eicher Motors | -1.20% |
| Adani Ports | +0.85% | Tech Mahindra | -0.90% |
Nifty Option Chain – OI Chart
Chart represents OI buildup: High Call OI at 25,800 and Put OI at 25,600, with Max Pain at 25,500. (Note: Options data is not visualized due to limited pre-market trading activity and lack of real-time options pricing data, which affects chart accuracy.)
Disclaimer: Investment in securities/commodities market is subject to market risk. Please read all related documents carefully before investing/trading. The views expressed in this report are based on market data and technical analysis and do not constitute investment advice. Consult a financial advisor before making investment decisions.
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