Nifty Pre-Open Update:US Markets giving a healthy lead on grounds of experimental drug

30042020 Pre-Open Update: Nifty Yesterday Close 9553.44. Nifty Likely to follow the global peers at open with US Markets giving a healthy lead on grounds of experimental drug that could help fight against Corona.

Asian Peers were also having a healthy lead with SGX Nifty trading above 9700 gives a healthy 160+ point Gap Up possibility while holding the gains has to be seen. Critical resistances at 9745 & 9840 while supports lies at 9550 & 9456.

Watch out for these stocks for today based on OI & our proprietary model, HDFC, Ultratech, BajajFin & BajajFinserv on upsides while FMCG Majors and Auto may come under pressure on downsides.

09:07 Update:- Nifty Open-9784.9, High-9800.1, Low-9702.5 & Close-9753.5. As of now its sheer index that has moved and only select stock specific action is witnessed. Nifty Holding on to higher levels is critical to watch out for as quoted yesterday.

Most ADR stocks that went up are showing positive cues with TataMotor, TCS, Motherson are top Gainers from CNX100 while we need to see whats going to drag give downside pressures the market.