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Published on 05-06-2026 01:41 pm

Intraday Derivatives Call Book Partial Profits in BANKNIFTY 30JUN 54500 PE at 998-1015, Target 1155, Call initiated at 920 (ANALYST NIRAV)

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Published on 05-06-2026 11:08 am

HIGH RISK HIGH VOLATILE: BUY BANKNIFTY 54700 CALL JUNE 1256.75 SL BELOW 1140 TGT 1295-1355-1420. 30 JUNE

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Published on 05-06-2026 10:36 am

Global News

• US Jobless Claims Hit 4-Month High, Labor Market Remains Resilient: U.S. initial jobless claims rose by 13,000 to 225,000 in the week ended May 30, the highest level in four months, mainly due to Memorial Day-related volatility. Despite the increase, labor market conditions remain stable, with continuing claims falling to 1.78 million and layoffs staying historically low. Productivity growth for Q1 was revised down to 0.3%, while unit labor costs increased a modest 1.8%, reinforcing expectations that AI-driven efficiency gains could help contain labor costs. With unemployment expected to remain at 4.3% and payroll growth moderating, the Federal Reserve is likely to keep interest rates unchanged while monitoring inflation trends

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Published on 05-06-2026 10:36 am

Economic News

• FPI Exodus Hits Financials Hardest as Foreign Investors Trim India Exposure: FPIs sold Indian equities worth Rs2.25 lakh crore during Jan–May 2026, with financial services bearing the brunt of outflows at nearly Rs1.15 lakh crore, driven by profit-booking and high foreign ownership. IT and FMCG followed with outflows of Rs26,800 crore and Rs21,600 crore, respectively, amid valuation concerns, growth pressures, and capital shifting toward global AI opportunities. Other sectors such as consumer services, autos, healthcare, telecom, and oil & gas also saw significant selling, though capital goods, metals, mining, and power continued to attract foreign investor interest. Outflows peaked in March to April before easing in May.

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Published on 05-06-2026 10:27 am

Nifty

Index managed to sustain its close above the crucial 23300 support zone, continuing to demonstrate resilience. The formation of a bullish ‘Hammer’ candlestick signals the possibility of a short-term reversal. This comes after the earlier ‘Bullish Belt Hold’ near the same support level, reinforcing expectations of a rebound within the 23300–24000 range. Immediate resistance is placed at 23500, followed by 23800, while the broader trend remains in a consolidation phase. Despite earlier selling pressure, the index is showing signs of stability around key support levels, indicating underlying strength. However, some caution is warranted as momentum indicators remain mixed. The RSI continues to trade below 50, and the ADX moving above 25 suggests strengthening trend intensity, which could favor downside if resistance levels are not reclaimed. A decisive close above 23800 is essential to negate this concern and improve the near-term outlook. On the downside, immediate support is seen at 23300, followed by 23105, which aligns with the retracement of the April rally from 22182 to 24602. Additionally, the unfilled gap near 23150 may act as a strong accumulation zone, potentially attracting fresh buying interest. A sustained move above 23800 could open the path toward 24000, which coincides with the 50 DEMA and remains a critical level for a meaningful shift in sentiment. Overall, while some caution persists, the index’s ability to hold key supports along with improving undertones in the broader market suggests a constructive outlook. Investors are advised to remain disciplined, focus on fundamentally strong stocks, and adopt a level-based approach to capitalize on emerging opportunities

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