Bizz Buzz Pre-market Today: Thing to know before the opening bell

The Nifty50 is currently exhibiting a pattern of higher highs and higher lows, signaling robust momentum. It is poised to target the psychological milestone of 21,000, with a solid support level identified at 20,500.

In terms of technical analysis, a bullish candlestick pattern on the daily chart is indicative of a favorable buying opportunity at lower price levels. The anticipated upward trajectory includes watching for potential levels around 20,900, supported by immediate levels at 20,500 and 20,290.

The Nifty Bank played a pivotal role in the recent high achieved by the Nifty50. The near-term objective for the Bank Nifty is set between 47,000 and 47,200.

Analysis of options data reveals that the 21,000 strike holds the maximum Call open interest, serving as a significant resistance level. Call writing is observed at the 21,500 strike, coupled with the highest Call unwinding at the 20,400 strike. On the Put side, the 20,500 strike boasts the maximum open interest, playing a crucial role as a support level.

Monitoring stock movements, notable stocks with high delivery percentages include Power Grid Corporation, JK Cement, Apollo Hospitals, Reliance Industries, and United Spirits. Long build-up is identified in stocks like Ramco Cements, ONGC, India Cements, Federal Bank, and Oberoi Realty. Conversely, long unwinding is observed in stocks like Delta Corp, Coforge, Maruti Suzuki, Balkrishna Industries, and Dr Reddy's Laboratories. Short build-up is noted in stocks such as Ashok Leyland, Zee Entertainment, Glenmark Pharma, Abbott India, and Granules India, while short-covering is evident in Dixon Technologies, Apollo Hospitals, REC, State Bank of India, and ACC.

The Put Call Ratio (PCR) for Nifty has climbed to 1.39, suggesting an uptick in bearish sentiment.

In terms of market activities, HCL Investments UK, a subsidiary of HCL Technologies, is in the process of divesting a 49% equity stake in a joint venture to State Street for $170 million plus net book value.

Stocks in the news encompass HCL Technologies, Honasa Consumer, Mahindra & Mahindra Financial Services, JSW Infrastructure, SEPC, and Bank of India.

Funds flow data indicates that Foreign Institutional Investors (FIIs) purchased shares worth Rs 2,073.21 crore, while Domestic Institutional Investors (DIIs) made acquisitions amounting to Rs 4,797.15 crore on December 4.

Additionally, Indiabulls Housing Finance, India Cements, and Zee Entertainment Enterprises have been included in the F&O ban list for December 5.

As a disclaimer, it's emphasized that the views and investment tips expressed belong to experts and not the website or its management. Users are strongly advised to seek advice from certified experts before making any investment decisions.