Nifty Mid Select 5mins

Fakeout & reversal move from the Zones , Now testing the EMA bands - Nifty 5mins

Titan 5mins

After the open, the price consolidated for a long time at the EMA bands before dropping to the zone support. It is now consolidating at the zones - Bank Nifty 5mins

The price took clear support at the zones multiple times - Fin Nifty 5mins

Day  43/100 Days

Loss trade in the first hour of the day hits harder than you think.

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📊 MT - Pre Market Update

⚡️Gift Nifty Analysis:

GIFT Nifty is currently trading at 24,721, which is indicating a flat opening for the day.


💬 Top 5 Stocks in News:

1. State Bank of India - SBI will consider long-term fund raising of up to $3 billion on May 20.
                                                                                                                                                                                                             2. Brigade Enterprises - Brigade has acquired a 5.41-acre prime land parcel in Chennai for ₹441.7 crore, with a projected development value of ₹1,600 crore.

3. Poonawalla Fincorp - It has approved issuing non-convertible debentures (NCDs) worth up to ₹750 crore via private placement.

4. Precision Wires India - The board will meet on May 17 to consider raising funds via qualified institutional placements or other methods.

5. Samhi Hotels - The board has approved a ₹125 crore investment in Ascent Hotels via a rights issue.

🌍Top 3 Global Cues:

1. Asian stocks declined on Thursday, breaking a five-day winning streak, the drop followed signs of fading momentum in Wall Street's rally, which had been fueled by US-China trade talk optimism.

2. The S&P 500 ended slightly higher on Wednesday after a choppy session with modest movement.
                                                                                                                                       3. Oil prices fell for a second straight day after reports that Iran may forgo nuclear weapons in exchange for US sanctions relief.

📈📉 FII / DII activity in the last trading session:

FII's were net buyers amounting to 931 CR and DII's were net buyers amounting to 316 CR

#Nifty 5mins - MT Pro Institutional levels

#BankNifty 5mins - MT Pro Institutional Levels

#Sensex 5mins - MT Pro Institutional Levels
(These Anchored Zones are intraday leading S/R levels and will not change from 9:15 till 3:30)

As compared to the 12 to 14 VIX levels from last 6 months to slightly elevated level of 15 to 17 currently, options are having better premiums as compared to before and that is an advantage for those who are looking to deploy any strategies which are primary based on sell position.

One example is the popular Expiry Butterfly that we already have in place but we do it slightly modified to get more RR even if pick the right direction of 30 to 40 points move.

Currently this is the Modified Expiry Butterfly which is giving better RR slightly tilted towards downside (moderate bearish expiry view)

If you are already aware of limited risk butterfly on expiry days, currently we are getting better RR since the VIX is slightly higher, you may start testing them back.

#Momentum Stock Scanner Alert

Took exact support at the zones - BN 5mins

Sensex also took exact support at the zones - 5mins

It took exact support at the zone levels and made a reversal move; it is now at zone resistance - Tata Consumer Product Ltd

HCL Tech also took exact support at the zones and made a reversal move - 5mins

Day  44/100 Days

Stock vs Index – Which Is Better for Intraday?

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