Pre-Market LIVE: Stocks To Watch, FII-DII Data, Crude Oil & Global Cues | Business Today

Ajouté : 2026-05-31

[00:00:11]Hello and welcome. You're with us here on business today. I'm Abakaya. Let's take a look at how the setup is today.

[00:00:15]We've got Sherendra Pnaga with us as always and we had a quiet close still hovering just below the 24,000 mark uh post the truncated uh week or the Eid holiday. Today is Friday. Uh let's wait and see how we close up for the week.

[00:00:29]It's been overall positive when it comes to global cues. Uh market uh breath has been more or less intact and no major sideways news for the moment and nifty is up about just close to a percent this week so far. Shell, good morning.

[00:00:45]>> Very good morning to you.

[00:00:46]>> Abha, thank God it's uh Friday. Uh yesterday was a holiday but then uh it would have been a lovely weekend if Friday were off. Absolutely. So you could have taken u Thursday, Friday, Saturday, Sunday. Be that as it may, it's the last day of the week. Uh the last day of the month. Uh more importantly, about one very good news, oil.

[00:01:06]>> Yes.

[00:01:07]>> Lowest since April 21st and it's now cracking on many many charts on the lower side. And there's some news that you know you just might have a deal fairly soon. So that's very very positive for us and it's uh working immensely well for uh uh Nifty and Bank Nifty. So today will be a quiet day because end of the week you'll see a lot of NAV rebalancing for the month of May.

[00:01:32]>> Overall as you mentioned it's flat for the nifty for the month of May after a 9% rally in April. So Nifty Bank Nifty will be flat today. Uh but thanks to oil and thanks to falling Japanese and US 30-year paper bond yields acquired. So it's a positive sentiment for equities on Dal Street. Today >> we've seen the inflation numbers shell when it comes to the US and the fact that you know they're feeling the pinch now we all know that Trump has been on the Fed's case to kind of reduce rates but uh given the current scenario they're going to be in a tight position already in the last meeting >> out to of course make no change so that is also going to have some kind of a cascading impact isn't it on how money flows >> absolutely aba I think you hit the nail on the head if you have a 5% yield on a 30-year paper. Remember, no US fund manager will look at emerging markets unless it's an AIEL rally. So, what they're doing is they're pulling money away from countries like us, investing in US paper, earning 5%, relaxing and chilling, >> right? There is also a rally on Wall Street on uh uh S&P 500, Dow as well as NASDAQ even Russell 2000 after years.

[00:02:50]Just look at uh what the Russell 2000 is doing. This is a small cap index. I'll try and show you a chart. So uh that's the main pain point and abha it's like you know uh the gin coming out of the lamp. So if you have a 10 year, 5 year and 30 year paper yielding you you know four four and a half 5%.

[00:03:11]>> Emerging markets is a closed basket.

[00:03:13]Don't look at it.

[00:03:14]>> Got it. So that is uh really the >> the context because it really means that we come back to domestic institutions domestic retail even that if I had to >> sort of split it up sh how much would you say is being led by domestic institutions versus retail participation right now? uh abba I think we are very very fortunate for all from uh by all those people who continue with their sips now uh how long will that continue only time will tell but that's the reason why you still see the nifty well above 23,800 almost at a kissing distance of 24,000 remember the all-time high is 26200 but uh be that as it may many many many indices are hitting record highs.

[00:04:01]Pharma, infra logistics, metals, midcaps to some extent even the small cap index all of them are at record highs. So we may see pain in nifty and bank nifty but broader markets huge rally.

[00:04:17]>> Okay Vishnu Khan joining us this morning. Vishnu good to have you with us. Let me get your view on the nifty and the bank nifty this morning.

[00:04:26]>> Hi a very good morning. Well, so uh in fact you know uh setup is uh positive uh apart from uh gift nifty what we are seeing on a screen but you uh you know just rightly mentioned about the uh crude oil prices uh US 10ear bond yield uh rupee appreciation dollar index so all these you know uh developments are indicating that we might find some support from the lower levels apart from that if you you know analyze the Wednesday's price action then definitely you will see that although from the higher levels we witnessed some you know profit booking but yes uh prices managed to just trade above the breakout join of 23 you know 800 23 750 sort of levels apart from the 21 exponential moving average. So purely uh you know uh talking technically as long as we are above 23750 uh which is most likely scenario to remain intact we will see further appreciation in prices and uh that appreciation should be containing around 24 uh 200 24 300 sort of levels. So basically my view is you know positive in nifty and uh apart from that we are also you know witnessing some sort of concrete development from the west Asia front. So that you know all factors are all together you know we'll try to take prices towards the north.

[00:05:56]>> All right. All right. Let's talk about stocks and sectors as well now. What's going to be on your radar today shell and then I'll get Vishnu as well.

[00:06:03]>> Okay Abha there's a very very strong breakout that's happened on the Nifty Infra logistics index. I'll request the PCR to kindly uh show that chart and every single MNC you know the names that we grew up with the ABB zemens uh cumins all of them are showing very very strong breakouts so the infra logistics space along with the manufacturing space is in top shape abha this is the infra logistics index you know as I was saying that you might see weakness in nifty and bank nifty but look at the strength in these indices which are little reported but are showing very very smart gains.

[00:06:44]Therefore you know stocks like AIA engineering they are the ones that set up the uh cement infrastructure and factories in India. Cumins amazing breakout yesterday it's crossed above 6,000. This is the GCC play. Uh look at the sharp move that is coming in GE and D and therefore look at BHEL. Look at HFCL that is uh the sharpest. This is the Cumans chart. Look at the strength that you see that's a single day bar post earnings fresh record high and of course the entire commodity space therefore JSW steel adani par hindalo and vidanta metals abha what a strong comeback >> absolutely and about a week ago shell you had sort of given up on metals now clearly the strength is uh showing you know it's that you can't ignore them right now >> you know above what's really interesting I do a lot of scanners And there are two stocks that are coming up on FNO >> which are doing immensely well and I'll request the PCR to kindly show the charts of NMDC and Tata Steel. Okay.

[00:07:48]>> They are to be watched. Okay.

[00:07:50]>> They're really really interesting.

[00:07:51]>> Not the usual hindalo. Now that's probably done. Move on to an NMDC or Tata Steel.

[00:07:56]>> Absolutely. So non-ferris which is aluminium which you mentioned hindalo and national aluminium. We've had enough of that.

[00:08:02]>> It's the time for ferris. So JSW steel, Tata Steel, uh NMDC to some extent they make the O for them and of course steel authority had a stellar session last week.

[00:08:15]>> Yeah.

[00:08:15]>> What do you say Vishnu from the Ferris pack? What's looking good?

[00:08:27]>> I think you might be on mute Vishnu.

[00:08:31]>> Well well well uh sorry for this. Well, so as uh you know Shelender rightly mentioned about the all nonferes uh stocks are doing immensely well. So basically you know if you look at a chart of you know Hindalo and uh GSW so uh basically stocks are trading especially Hindalo is trading around alltime higher 52 week you know high so I would say this rally will remain intact uh in fact in this company and I believe on the higher side the stock is now all set to extend this gain towards 1230 1240 sort of levels but yes if someone you know wants to put money in hindalo. So I think these labels are not a prudent to buy the stock at the current levels because we have seen overextended gain in the counter but yes if someone already have this counter in the portfolio then he or she can write the stock with a telling stop loss below 1080. So let the stock come down towards you know 1100 or 1080 sort of levels for fresh while and on the higher side uh you know 1300 sort of levels can be can't be ruled out. impact >> aba one stock that I'd like to mark is SEMRO. Uh this is SEM India projects very strong set of numbers and uh what we do is we track five major uh business houses of course the Adanis and the Amanis the Tatas Reliance and Mahindraas. So all put together uh they have about 7273 stocks and one of them uh uh semindia projects which we known as uh you know earlier it was called ITD cementation very very strong breakout that's happened uh primarily on uh the back of very strong earnings that have come in for uh not only the Q4 but also uh for the full year of March 2026. Uh I was talking about SEM Pro ITD cementation earlier not ITDC PCR I think that would be uh incorrect to show that one. So very very strong sales numbers have come in ABA and this is a stock to watch.

[00:10:44]We'll try and get that number.

[00:10:47]>> Absolutely. All right. Uh what about your top picks? Let's get some of the stocks that you're going to be focusing on today.

[00:10:56]Could you unmute yourself please?

[00:11:00]Well, so uh in fact uh you know on Wednesday we have seen a very uh sharp you know breakout from Apar industry. So this stock although this is a high ticket size counter but in fact this stock will remain on my radar. We have seen a very crucial breakout from a you know we can say a multi-week resistance that were aligning somewhere around 13,000. The stock is now currently trading at a 13,400 sort of level. So it's a really really uh looking a very good on a graph and on the higher side I'm expecting you know 18,000 to 19,000 labs can't be ruled out. So one can buy the stock with keeping a stop loss below 12,900 and on the higher side 138 sorry 13,800 13,900 levels can be on card in a very uh short-term period.

[00:11:54]Vishnu would you have a view on oil?

[00:11:59]>> Uh oil India or oil companies right?

[00:12:02]>> No I'm talking about crude oil.

[00:12:05]>> Crude oil. Ah yeah definitely. So basically uh uh you know for last many days we have been you know watching that the oil prices were just oscillating uh between uh 115 or on the lower side 19 range and for us you know in fact this week we have seen a very good correction 11% I think all prices are down and currently it is trading a very close to it a lower range value but the way prices are behaving and it is you know just stopped to a shortterm moving averages I'm you know quite confident that the prices are now all set to extend this fall towards 85 or 86 sort of levels but yes you know uh you also mentioned that the things are depends on the development in the west Asia although in fact currently we are seeing some sort of mitigation and there could be a deal that can be strike between the US and Iran but you know anything can happen from the Trump side so let's keep the finger cross and I'm expecting all prices to you know post further decline and that decline should be continue around 86 and If total prices declines further that will be a very very huge positive for the Indian benchmark indexes and the all sectors that you know depends or we can say a rate sensitive you know sectors especially >> all right we're heading towards the uh monsoon so we may have you know certain themes that sort of come back into focus uh still a while to go but still if I take a look at even from the auto pack you know the tractor makers so in a showland or an Eminem decent numbers for the past quarter on track margin growth everything's looking healthy what's the outlook going forward and auto this week has had a very very strong move 3% higher on the auto index Vishnu >> uh well uh sorry uh can you can you please repeat >> on the auto names and particularly the tractor makers I'm just looking at anoken for example 3% higher this week strong numbers coming in uh what's your outlook going forward >> yes definitely stock is looking pretty good on a graph you know on Wednesday we have seen prices just you know cross the cluster of all key moving averages that is 21 5500 and 200 and I'm expecting prices you know just have started to form a higher uh you know highs kind of pattern so it is all set to extend the gain towards 180 which is broken decisively 200 and 210 sort of levels can't be ruled out so yes one can you know go long in the counter because it's a very good riskreward from the present juncture one should keep a stop loss below 155 while on the higher side first target will be 178 180 which we've broken 200 210 sort of levels can't be ruled out. Okay. Uh Aba couple of stocks have broken out on a weekly basis. I'll request Vishnu to offer his views. Uh uh BHL very strong fourth quarter. Uh we've seen it hit an all-time high and of course uh a new kid on the block Tata Technologies. uh again earnings led uh Vishlu first BHL and then uh Tat >> uh definitely Shalendra uh in fact you know the stock is doing a very good it's a continuously forming from the technical standpoint it's a continuously forming higher highs higher lows kind of pattern uh all key oscillators you know are printing in bullish stock is trading above all key moving averages so I just say that the you know rally on the higher side cannot be ruled out towards 470 460 sort of levels. So if someone already having this stock in the portfolio can you know trail the stop loss below 390 uh 388 sort of levels and on the higher side once uh 460 470 can't be ruled out. So if you know someone wants to buy fresh buying so let the counter come down I mean let the stock post you know some captive decline towards 396 or 400 sort of levels.

[00:16:03]>> Okay.

[00:16:03]>> Second share is a tart tech right?

[00:16:06]>> Yes.

[00:16:08]>> Well guys a few days back we have seen you know breakout from the falling trend line resistance and uh from that point I mean from a breakout point that stock has given a return of around 30 to 14%.

[00:16:20]All technical setups are quite indicating that the this you know uproot technology can't can't be stopped in the near term. So the gain are likely to remain intact or unimpaired with a potential upsets towards 780. So definitely one can go long or one can stay hold the counter with a you know target of 780 while on the lower side one shouldn't forget to put a stop loss below 670.

[00:16:47]Okay, that's Antara Tech. Um, I think we've got like a bunch of other news makers as well. Just uh take you through some of those. I think we've got um for instance a few uh you know we've got PC jewelers in focus after a 61% rise in profit. Physics Walla as well on earnings they've got uh a bit of a loss coming in even though revenues have uh increased. Um Ashoken I just mentioned for you as well. Other than that we've got um Adani Total Gas that's been looking really strong. We've got Nippon India and SPI mutual fund buying about 272 crores worth of Pine Labs shares.

[00:17:30]ICICI pro mutual fund has acquired a 1 and a half% stake in Indico Remedies and of course we've got uh Yashish and one other founder selling about a 0.8% stake in PB Fintech as well. So expect some block deals and action on that front today. Uh in trade, OMC's will continue to of course remain in focus while we track crude and how it's moving and farmers. The other theme we've of course been talking about lately uh not in the last couple of days but overall. So Vishnu, let's get a perspective from you as well. Uh we're also tracking a few earnings today from the pharma pack.

[00:18:03]>> Yeah, definitely from a pharma pack. In fact, you know there are few stocks that are looking uh quite good. In fact with the disclaimer that we have given all uh and the recommendations to our client as well. The stock name is a granules. In fact you know >> the crop name is a granules granules India and the stock is looking quite good. If you see a daily chart of the stock after you know spending uh four to five days in a very tight consolidation band on Wednesday we have seen a very good breakout from that uh you know uh horizontal band. The stock you know settled the day with a gain of around three and a half percent. And I believe this you know journey this winning journey is likely to remain intact with a potential gain towards 830 840 sort of levels. So one can go long in grands maintain a stop loss below 750 or on the higher side 830 840 sort of levels can't be ruled out. Uh aba one more index that I'd like to mark and something that you and I have discussed earlier uh is from the midcap space. This is uh uh the junior nifty the nifty next 50 uh the you know the larger midcaps which have the potential to get into the the blue chip the large cap space and this is very very strong on the weekly charts. uh remember just about four or five weeks ago this was at a low of about 59,000 we are now almost at 72,000 and two stocks from this space uh uh Jindel steel and power uh 1200 1225 and Hindustan zinc these are the two stocks which possibly have the potential to uh outperform their broader peers in the month of June Hindustan zinc somewhere at 64 48 and Jindel Steel Empire that's already at a record high. So we'll uh uh just show the chart for our viewers but keep an eye out on uh uh Hindustan zinc. Maybe uh Vishnu can also contribute on his chart checks as far as Hindustan zinc and Jindel steel and par are concerned.

[00:20:16]Vishnu.

[00:20:18]>> Uh well definitely you know if you look at a chart of Gintelestial sorry uh Hindustan GI that stock is currently you know trading of the cluster of all key moving averages and it is also forming a sort of inverse head and shoulder kind of pattern. Apart from that if you see the chart of silver which is trading a very close to it it's a you know very critical horizontal support. So we might witness some you know uh gain in silver as well. If silver prices goes up definitely Hindustan jing will you know perform very well. So from you know purely technical front if I look at a chart of a jin uh Hindustan jing that stop you know are likely to uh you know extend this gain towards uh 680 that is a first resistance which if broken decisively which is quite possible scenario uh then 720 sort of reverse can't be ruled out but you know maintain a stop loss below 620 in any buy positions. Second stock we have discussed is uh gindel power and steel right?

[00:21:17]>> Yes sir.

[00:21:21]>> That's a JPL prim uh till the time Vishnu looks at the screen uh it's Jindal steel.

[00:21:40]Tindalist >> right well so uh in fact you know stock is also is trading uh in with a very bullish trajectory after you know uh declining uh something around and I would not say it's a declining it's a corrective dip of around 9%. It's a forming a sort of you know flat kind of pattern. Stock is continuously forming higher highs higher lows of pattern. So I'm quite you know bullish on the counter. As long as prices are trading above 1190 1180 sort of reversals one can go long for the target of 1290 and uh above that if that you know resistance zone breaks on the higher side 1350 1360 sort of levels will be definitely on card. So yes is looking quite good. one can go along with keeping the stop loss below 1180.

[00:22:32]>> Uh Vishnu G would you have a view on silver and gold at this point of time?

[00:22:38]Well, definitely definitely. So, uh you know if you look at a chart of gold on MCX, right? So, uh you know uh yesterday uh we have seen uh some you know sort of very sharp recovery from a lower levels in yesterday's trading session and uh you know MCX gold closed the day above its 21day exponential moving average. So the way prices behaved or reacted you know yesterday it is quite indicating that whether keeping a stop loss below yesterday's low that is you know something around 1 lakh 52,000 965 sort of labels one can go wrong and on the higher side I'm expecting 1 lakh 60 1,000 1 lakh 62,000 sort of labors can't be ruled out. So gold and silver from the technical standpoint is looking quite good. And in silver and in silver uh let me you know just give up my view.

[00:23:31]Uh silver is also forming a same pattern. It is also close the day above 21day exponential moving average and it has also formed a very maruzu kind of candle. So on the higher side I'm expecting two lakh you know 80,000 2 81,000 sort of levels can't be ruled out. So one can also go long in silver as well.

[00:23:50]>> Mhm.

[00:23:51]Vishnu uh a thought that you might want to share on HFCL and uh of course the strength that we are seeing in uh uh counters such as GE Vernova transmission and distribution two stocks HFCL from the uh optic fiber space and of course uh GE Vernova TND from the India manufacturing space.

[00:24:18]Well, so surrender let's uh first you know discuss about HFCL. So the stock has you know uh uh performed immensely well in past you know you know after giving breakout from a very stiff horizontal resistance of you know 7978 sort of level. So since then price is you know increased 120 130%. In fact, so uh undoubtedly you know but the thing is that the stock is in overbought trajectory and uh if uh my view is if already someone already have this counter in the portfolio then he or she can write the counter with a you know trailing stop loss below 137 but if someone planning to buy the counter then why should you know ignore because you know the the stock is currently debited too much from their key moving averages.

[00:25:10]So let the stock come down towards 148 149 sort of level which is the vicinity of 21 day exponential moving average then from that price zone one can go lower in the counter.

[00:25:20]>> Okay.

[00:25:20]>> So my view is positive impact as I've seen while let's talk about the G noa.

[00:25:24]So this power uh you know space stock is looking quite good on the higher side 5300 5500 sort of flavors can't be ruled out. It's a continuously forming higher highs higher lows kind of pattern. So with keeping a stop loss you know 40 you know 900 one can go wrong.

[00:25:41]>> Okay. Uh before we bid you goodbye um Vishnu a thought that you might want to share on Reliance and L&T. These are two stocks which are quiet on the charts but uh at least show signs of uh value buying especially Reliance. The long-term chart is fairly fairly below 200 day moving average but it being Reliance.

[00:26:07]>> Well, Helenas so uh Reliance you know has been stuck in a very uh very you know broad horizontal band of 1475 on the higher side and 1300 sort of levels on the lower side and you know fortunately the stock is a very close to its a lower range of value. In fact, moving averages are currently not working because when the stock goes sideways, so usually uh EMAs or SMAs does not work properly. So, I'm not giving too much weight to the EMA because the stock is currently trading towards all moving averages. What I as I'm not giving too much weight is to these EMAs. I'm just you know wants to take my view based on the price action.

[00:26:48]So, the stock is a very close to its lower range value. One can go long with keeping a stop loss below 1300 on the higher side 1460 and 1470 sort of levels can be seen this stop and second stop uh LNT right P L and Tro is also doing good but the thing is that the stock is currently trading in the proximity of it's a crucial horizontal resistance that is a 4100 sort of table. So in fact the stock is showing a strength and it is trading up the cluster of all key moving averages. Also some you know oscillators are printing in positive. So I'm expecting prices will take out this resistance area 4100. So if you know for a conservative period let the stock cross above 4100. But if you are a you know little aggressive one can go long and maintain stop loss growth 3900 on the higher side. If 4100 levels breaks on the higher side, 4,300 and 4350 will be on guard.

[00:27:55]>> Okay. Uh thank you Vishnu for this lovely commentary. We look forward to welcoming you again. Uh the nifty ladies and gentlemen in pre-open is down about 162. Uh this will of course improve for the better. uh stocks that are doing wonderfully well uh in uh uh the most active part of uh trading uh so far is JP power uh we'll try and show that to you uh GMR airport Vipro Vipro in particular these are three stocks that are clicking fairly well and in strength as far as the initial trades are concerned we'll quickly shift focus to the FNO space that is where most of the action is uh uh look at uh the strength that is coming into uh GVTND. This is something that I've already discussed uh uh with you. Uh strength in counters such as Fortis Healthcare. This is post earnings. Uh almost now four digits 4% higher triple 9 for you. Marico in strength tube investments doing pretty well 2 and a half% higher. Bharat Forge 2% higher 1980 and of course uh across the board you have strength in HTFC life 1.7% higher 620 and uh uh if you look at uh uh the most active counters apart from the gainers uh bharti slipping a bit 1.4% 4% lower 1821 vipro the ADR shot up dramatically and this is the first uh uh upper circuit that you see in FNO which is 10%. Uh 221 for you please keep an eye out on this future.

[00:29:43]Uh there is a reverse circuit 10% on PG electrolast 428.

[00:29:49]Uh we'll keep an eye out on this one as well. CG par half a percent higher a third of a percent higher on MCX these are the gains that I see in early trade losers let me just also take in view Bharat dynamics there's a downtrade on uh by Goldman on Bharat dynamics and therefore 5% lower uh disappointment on quarterly earnings as well uh 1209 for you Bajad Finance 9045 uh down 2.8% Bank of India down 2.7% 143 uh Lodha developers down 2 1/2% 900 uh of course uh uh profit booking in Apollo hospitals nothing to be worried about 8107 uh we'll again uh go back to the most active list uh uh HTFC bank u major investigation by the Indian Express on uh uh a particular audit committee uh report that had come in uh 4% lower now at 732 that itself is a huge huge negative for the Nifty because uh uh it's uh the heaviest weighted counter on the index but the Nifty ladies and gentlemen is in the green 14 points higher 15 points higher uh in trade. What we'll do is we'll take a short break at this point of time and be back with you shortly.

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