The Safe Trader Academy

The Safe Trader Academy

5/23/2025, 3:17:44 AM

*Pre-Market Derivatives and Technical Set-up* 🔎 *Nifty* Nifty Index opened on a negative note around the 24740 zone, and bears took charge from the first tick as the index witnessed profit booking of more than 250 points after opening. It slipped to an intraday low of 24462, reflecting broad-based selling and weak sentiment throughout the day. However, in the final hour, just ahead of weekly expiry the index found strong support at its 20-day EMA and rebounded sharply by more than 120 points, highlighting volatile intraday swings. On the daily chart, Nifty formed a bearish candle with a long lower shadow, indicating that buying interest is emerging at lower levels. Despite this rebound, the index has been forming lower highs for the past five sessions. 📊Now it has to cross and hold above 24700 zones for an up move towards 24850 then 25000 zones while a hold below the same could see a profit booking decline towards 24444 then 24300 levels. 🧮On option front, Maximum Call OI is at 26000 then 25000 strike while Maximum Put OI is at 24000 then 23000 strike. Call writing is seen at 26500 then 24600 strike while Put writing is seen at 24600 then 22500 strike. Option data suggests a broader trading range in between 24000 to 25000 zones while an immediate range between 24400 to 24800 levels. 🔎 *S&P BSE Sensex* S&P BSE Sensex opened on a negative note and extended its decline toward the key support zone near 80500 level. In the final hour of the session, the index witnessed a sharp recovery from the lower levels, aided by buying interest at support levels. Despite the rebound, the Sensex closed with a loss of around 650 points. On the daily chart, the index formed a bearish candlestick with a long lower shadow, indicating support based buying and suggesting demand at lower levels. 📊Now it has to cross and hold above 81200 zones for an up move towards 81500 then 81800 zones while supports are placed at 80700 then 80500 zones. 🔎 *Bank Nifty* Bank Nifty Index opened on a negative note and gradually drifted lower towards 54576 marks in the first half of the session. Later, it remained consolidative in narrow range of 200 points in between 54600 to 54800 zones but sharp recovery was seen from lower levels towards 55000 levels in the last hour of the session. It formed a small bodied candle with long lower shadow on daily scale as buying is visible at lower levels but momentum is missing at higher zones. Index is hovering near its 20 DEMA as it got stuck in a range of 1000 points from last few sessions. 📊Now it has to cross and hold above 55000 zones for an up move towards 55250 then 55555 zones while a hold below the same could see a profit booking decline towards 54750 then 54500 levels. *Stocks* 🚀Positive set up seen in Solar Industries, Astral, PB Fintech, Zydus Life, NMDC, GMR Airports, Angel One, MFSL, GAIL, TVS Motors, Tata Technology 🐻Bearish setup seen in Colpal, ABFRL, BSE, PEL, Dixon Tech, ONGC, Indian Bank, M&M, Biocon, VBL and MGL

The Safe Trader Academy

6/3/2025, 5:30:30 PM

📊 *Global Market Update* 🇺🇸 US market open on a positive note after falling US 10-Year Bond Yield 📊 The *US Dow Jones* edged higher early Tuesday, while the S&P 500 and Nasdaq tilted lower. Meta Platforms said it will buy nuclear power from Constellation Energy, lifting Constellation as well as a number of fellow nuclear stocks. The 10-year Treasury yield fell four basis points to 4.42%. 📊 *European* stocks trimmed declines as euro-area inflation eased more than expected, bolstering the case for further interest-rate cuts. Miners dropped after China May PMI data reported 2-year low at below 50. 🛢️ *Oil* rose for a second day, as supply disruptions from Canada’s wildfires countered OPEC’s latest bumper supply increase. Brent traded above $65 a barrel. 🪙 *Gold* prices eased early on Tuesday as the dollar rose despite a forecast for weakening U.S. growth amid the country's global tariff battles. ✅ *FIIs* were net sellers Rs2853cr while DIIs were net buyers Rs5908cr. https://thesafetrader.in/sebi-disclaimer/