Asia markets mixed as investors digest US consumer prices ; China’s inflation eases, Nik,29388/266/0.91% Dj,33310/-222/-0.66% Vix16.93/-0.06% US stock futures are little changed on thurs day night,
Oil,71.1, slumps amid US debt talks as jobless data weighs, Gold, Bonds,3.37 tumbles further as another report shows cooling inflation Dollar,rises after jobless claims , producer prices, BC
Nifty:18297/-18.1/-0.1%;Candle:OGU,Doji; Bank Nifty:43475.3/144.25/0.33% Candle: OGU.Doji; HB:OGU, Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long47%FutCash;837;Opt97%
OI data Nifty ( max pain W18300M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Friday. SGX futures stood at 18,283. Asian Paints Q4 result: Net profit rises 45% to Rs 1,234 crore, Dr Lal PathLabs Q4 net profit falls 8% to Rs 57 crore,
Events/Results:
Tata Motors, Cipla, Vedanta, Colgate-Palmolive, DLF, Hindustan Petroleum Corporation, APL Apollo Tubes, Butterfly Gandhimathi Appliances, Cholamandalam Financial Holdings, Ethos, Great Eastern Shipping Company, Greaves Cotton, Hindustan Aeronautics, Indraprastha Gas, Indian Overseas Bank, Laxmi Organic Industries, Manappuram Finance, Max Financial Services, Polycab India, Shree Renuka Sugars, Sapphire Foods India will be in focus ahead of quarterly earnings on May 12.
Avenue Supermarts, Advanced Enzyme Technologies, Affle (India), Data Patterns (India), Navin Fluorine International, Neogen Chemicals, Sonata Software, and Vikas EcoTech will be in focus ahead of quarterly earnings on May 13.
The National Stock Exchange added Punjab National Bank, and retained Canara Bank, BHEL and Manappuram Finance on its F&O ban list for May 12.
Market wrap up(DWM,T,N,E):The market closed moderately lower after volatile and rangebound trade on May 11, dented by selling in final hour of the session, the weekly expiry day. Traders may be waiting for the CPI inflation data for the month of April scheduled after market hours on May 12. The BSE Sensex fell 36 points to 61,905, while the Nifty50 declined 18 points to 18,297 and formed bearish candlestick pattern on the daily charts as the closing was lower than opening levels, but there was higher high higher low formation. “Though Nifty is placed at the crucial overhead resistance of 18,300 levels, still there is no indication of any strength required for decisive upside breakout. The formations of Doji/Spinning Top or High Wave candle patterns back-to-back at the hurdle signal possibility of reasonable downward correction ahead,” a decisive move above 18,400 levels is likely to change the short term negative sentiment on the positive side. Immediate support is placed at 18,150 levels, The broader markets outperformed frontliners, with the Nifty Midcap 100 and Smallcap 100 indices rising third of a percent and half a percent, respectively, on positive breadth, while India VIX sustained uptrend for fifth straight session, increasing by 1.01 percent to 13.22 levels, from 13.08 levels.
