GOYAL CONSULTANCY ®️®️

Rupee opens flat at 83.42/& Vs Friday's close 📊

NIFTY OPEN OPEN GAP-UP 85 POINTS  AT LEVEL OF 22561📊📊 BANKNIFTY OPEN GAP-UP 251 POINTS AT LEVEL OF 49174📊📊 DO NOT TAKE ANY AMBUSH ENTRY, WATCH MARKET FOR FIRST 15 MINUTES ✅✅

Here's how the global market cues are placed this morning 📊

Gifty Nifty Trends in the GIFT Nifty indicate a gap-up start for the broader index in India, with a gain of 112 points or 0.5 percent. The Nifty futures were trading around the 22,693 level. US Markets Stocks soared Friday, led by tech, after a weak jobs report. Warren Buffett's imminent appearance and AI earnings add to the buzz. Nasdaq surged 2%, S&P 500 rallied 1.8%, and Dow Jones rose 1.2%. Small caps also climbed. Key indexes closed near or above their 50-day moving averages. April's jobs report disappointed, fueling investor optimism. Powell's dovish remarks added to the bullish sentiment. Economic calendar light next week; earnings season heats up. Berkshire Hathaway, Palantir, and Arm among notable reports. Asian Markets Asian stocks hold steady as traders await China's return from holiday, with mainland markets expected to rise due to supportive policies from Beijing. Australia's stock index rose following a 1.3% gain in the S&P 500 on Friday, driven by weaker-than-expected US jobs data, which reignited expectations of a Federal Reserve interest rate cut this year. Chinese shares on the Nasdaq surged 5.5% last week, while Japanese markets remained closed for a holiday.

The benchmark Sensex and Nifty indices are likely to open on a strong note on May 6 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 112 points. Equity markets closed lower on Friday, driven by profit-taking as Nifty 50 hit new highs. Heavyweights like RIL, L&T, and HDFC Bank declined, with FPIs selling off. Nifty reached 22,476 from a peak of 22,795, down 172 points (0.76%). Sensex swung 1,627 points intraday, ending at 73,878, down 733 points (0.98%). Market cap dropped by Rs 2.5 trillion to Rs 406 trillion. Factors such as elections, US economic uncertainty, FPI selling, and earnings anxiety fuel market volatility, as India VIX rises for the seventh straight session, closing at 14.6, up 8.7%.

🌹GOOD MORNING TRADERS🌹 🙏 JAI SHREE SHYAM 🙏 💚HAVE A GREAT ND PROFITABLE DAY💚

Market Close: Indian benchmark indices erased all the intraday gains and ended in the negative zone in the highly volatile session. At close, the Sensex was down 188.50 points or 0.25 percent at 74,482.78, and the Nifty was down 38.60 points or 0.17 percent at 22,604.80. About 1987 shares advanced, 1623 shares declined, and 141 shares unchanged. M&M, Power Grid Corporation, Shriram Finance, Hero MotoCorp and Bajaj Auto were among the top gainers on the Nifty, while losers were Tech Mahindra, BPCL, JSW Steel, HCL Technologies and Sun Pharma. Among sectors, IT, metal, media, oil & gas, healthcare down 0.4-1 percent, while auto, power and realty up more than a percent each. The BSE midcap index rose 0.5 percent, while the smallcap index ended on a flat note.

THAT'S WHY MORNING I TOLD THAT I'M MORE BULLISH ON NIFTY ✅ NIFTY NOT READY TO BREAK 22700-22725 ND AGAIN APPROACHING NEW HIGHS 🤑 TODAY NIFTY MADE HIGH 22770 ND JUST AWAY 5 POINTS FROM NEW LIFE TIME HIGH 🫣

AS MENTIONED BOTH NIFTY ND BANKNIFTY GIVEN GOOD UPSIDE MOVE ABOVE MY BREAKOUT LEVELS 📊 NIFTY MADE HIGH 22700 - 22755 🤑 BANKNIFTY MADE HIGH 49500 - 49670 🤑 STILL AS PER MY VIEWS NIFTY LOOKS MORE STRONG ND ABOVE TODAY'S HIGH WE CAN SEE LEVEL OF 22800 ✅

BOTH INDICES STUCK IN MORNING 5 MINUTE CANDLE 📊📊 FOR NIFTY DOWNSIDE 22640-22620 IMPORTANT SUPPORT ND FRESH BUYING ABOVE 22690-22700 ✅ FOR BANKNIFTY 49380-49350 IMPORTANT SUPPORT ZONE ND FRESH BUYING ONLY ABOVE 49500-49500 LEVELS ✅ TODAY NIFTY LOOKS STRONG AS COMPARE TO BANKNIFTY SO TRADE AS PER LEVEL ✅