CUES FOR TODAY
- May Series Expiry Today
- Gift Nifty +80 Pts
- Federal Court blocks Trump’s reciprocal tariffs
- Elon Musk leaves Trump Administration
- Nvidia +5% after hours on earnings beat
- SEBI bars IndusInd Bank leadership for insider trading
Nifty to open right in resistance zone, if it sustains, possible to see short covering
WALL ST CUES
- Dow, S&P and Nasdaq lose 0.5-0.6% overnight
- Dow Futures +500 Pts as Court blocks Trump Tariffs
- US Says: Will start revoking Visas for Chinese students
- Nvidia +5% after hours as Data Centre Biz grew 73%
- Dollar index climbs above 100
- Gold fell 1% overnight
Ahead of May Series Expiry
- Nifty +506 Pts this series so far
Nifty: 3rd straight series of gains
- Mar +4.6%
- Apr +2.8%
- May* +2.1%
Cash Market Flows
DII +7912 Cr
FII +4663 Cr
- Institutional flows skewed by 12100 Cr worth ITC Large trade
F&O Cues
- FIIs have sold ~5000 Cr in Index Futures in 2 sessions
- FII longs dropped from 35% to 29% in just 2 days
- FIIs sold 1.2 lk Puts vs 23000 Call contracts ahead of expiry
Nifty Option Writers Expect
- Support: 24600-24650
- Resistance: 24850-24900
Stocks in Focus