Pre Market - Snapshot - 05-07-2021



 Major US stock indices climbed up on Friday notching a trio of fresh highs after the monthly employment report confirmed that the US economy continued to recover at a healthy clip. S&P 500 gained 0.81% setting a seventh consecutive record, its longest run since mid-1997, Dow gained 0.44% and Nasdaq added 0.75%.  Small cap Russell 2000 underperformed the markets with cuts of close to 1%.


US dollar index traded near 92.30, 10 year closed lower near 1.43%, Cboe Vix closed down near 15.


Crude futures traded flat, Brent near 76, WTI near 75.


Indian stocks moved higher on Friday lead by heavyweights like RIL and ICICI bank. Mid and small caps also saw heavy action on the back of some momentum buying. 


For the week watch for consolidation breakout from the zone 15500-15900, preferably on the the upside and some clear move for a directional trade. Traders can add to positions once Nifty breaks above the range and provides meaningful direction.

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