Akhil Rajeev Reddy

Chartered Accountant turning in to solution developer. Enthusiastic and Love to learn new things

[Akhil Rajeev Reddy @AkhilRajeevRedd]

#HappyGaneshChaturthi

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@onlyequities Section 74 is a serious provision and the Department has to establish the necessary ingredients for invoking it. The burden cannot be shifted onto the taxpayer merely by stating that there was “suppression” or “intention to evade”.

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@onlyequities From the facts stated, the issue appears to be a simple omission to discharge RCM liability of ₹244 (₹122 CGST + ₹122 SGST). Mere non-payment or short-payment of tax, by itself, does not automatically make a case one of fraud, wilful misstatement or suppression of facts

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@CoderUday Mr. Uday if AI can write code means whether it's over for coders

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@NehaFNO Fees should be calculated based on time and efforts required for completing the ITR.

As you mentioned tax audit, 15K is reasonably correct and Fair.

[FinVest @FinVestDaily]

Traders and Investors, know your ITR forms and checklist before filing of your Income Tax Return.

1/ ITR season for AY 2026-27 is almost completing, and most traders pick the WRONG form. Here's the 2-min guide to which ITR applies to you, the deadlines, and what to check before filing

2/ Which form?
• Salary + capital gains from stocks/MFs → ITR-2
• F&O trading or intraday equity → ITR-3 (it's business income, even if you're salaried!)
• Presumptive business income → ITR-4
Intraday = speculative business, F&O = non-speculative business. Both push you into ITR-3.

3/ Deadlines (AY 2026-27):
🗓️ ITR-1/ITR-2 → 31 July 2026
🗓️ ITR-3/ITR-4 (no audit) → 31 Aug 2026 (new this year!)
🗓️ Audit cases → 31 Oct 2026 (audit report by 30 Sep)
🗓️ Belated return → 31 Dec 2026 | Revised → 31 Mar 2027

4/ Why timeliness matters:
❌ Late fee up to ₹5,000 (Sec 234F)
❌ Interest on tax due (Sec 234A)
❌ Biggest hit: you LOSE the right to carry forward capital/trading losses for future set-off. A ₹5L loss filed one day late = gone forever.

5/ Pre-filing checklist:
✅ Reconcile AIS/TIS with broker statements
✅ Compute turnover correctly for F&O (decides audit applicability)
✅ Report all capital gains — disclosure requirements expanded this year
✅ E-verify after filing

If your require any help you can reach out to @AkhilRajeevRedd

#IncomeTax #Traders

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@RajalingamVivek Always investigate why a TDS refund is due. Common legitimate reasons include excess TDS deducted by the payer (e.g., higher rate applied without Form 15G/15H or lower rate certificate), income reported under wrong heads, missed deductions/credits, or advance tax/TDS mismatches.

[Akhil Rajeev Reddy @AkhilRajeevRedd]

@RajalingamVivek Contingent fees tied to the refund amount can create conflicts of interest, encourage aggressive or improper claims, and violate independence/ethics norms. Upfront payment for uncertain outcomes is also non-standard.

[Akhil Rajeev Reddy @AkhilRajeevRedd]

High turnover + low income = scrutiny risk now. Get your tax P&L reconciled & consult CA. 📉💼

#FandO #TaxFiling

[Akhil Rajeev Reddy @AkhilRajeevRedd]

Important alert! New ITR-3 (AY 26-27) now has separate fields 12c & 12d for F&O turnover (absolute P+L per ICAI) & income. Dept can auto-match with brokers/exchanges/AIS

Key reminders for F&O traders:
- Always ITR-3 (business income, slab). Losses set-off + 8yr carry forward.

[Akhil Rajeev Reddy @AkhilRajeevRedd]

- Turnover = |Profit| + |Loss| (+ option premiums if needed). Not contract value!
- Audit mandatory >₹10Cr turnover or low profit/loss cases.
- Avoid 44AD presumptive if possible (lock-in trap).
- File on time to save losses. Maintain books.

[FinVest @FinVestDaily]

🔔 Pre-Market Report – 09 Jun 2026

Iran-Israel direct ceasefire agreed | Chips rebound — Micron ▲10%, Nasdaq ▲0.86% | S&P 500 ▲0.30% → 7,405 | Dow ▼0.16% → 50,786 | Houthis open Red Sea front — ban on Israeli shipping | Brent $93.81 (▼0.55%) | WTI $90.88 (▼0.48%) | Nifty June 8 close: 23,123 (▼1.04%) | Kospi ▲3.28% recovery | Nifty weekly expiry today

1️⃣ FII/DII – 🔴 FII Net Seller | 08 Jun
FII CM: –₹5,555.67 Cr | DII CM: +₹5,165.24 Cr
FII F&O: Idx Fut –₹1,515.02 Cr | Idx Opt +₹121.15 Cr | Stk Fut +₹20.64 Cr | Stk Opt –₹70.68 Cr
FII cash selling –₹5,555 Cr continues — 7th consecutive session of net outflow. DII matched with +₹5,165 Cr. Iran escalation + fresh crude spike drove the session lower. All Sensex sectors closed red except Nifty Healthcare.

2️⃣ India Markets – 08 Jun Close
Nifty 50: 23,123 (▼243.70 / ▼1.04%) | Sensex: 73,524.26 (▼719.08 / ▼0.97%) | India Vix: 17.03 (+7.9%)
Sectoral performance:
🟢 Best: Nifty Healthcare (only green sector)
🔴 Worst: Nifty Realty ▼2%+ | Nifty Metal ▼2%+ | Nifty IT ▼ (TCS, Wipro, GE Vernova, E2E Networks ▼4–5%) | Nifty Auto ▼ | all sectors red except Healthcare
India corporate/macro news:
— Trent — continues under pressure following Inditex JV exit news
— Houthis (Yemen/Iran-aligned) declared ban on Israeli maritime navigation in Red Sea, attacked Israel — new front opening
— IT stocks under pressure since Feb 3, 2026 peak on AI disruption fears — structural, not tactical
— India Vix jumped ▲7.9% intraday on June 8.

3️⃣ US Markets – 🟢 Chip rebound | 08 Jun Close
S&P 500 ▲0.30% → 7,405.73 | Nasdaq ▲0.86% → 25,929.66 | Dow ▼0.16% → 50,786.01 | Russell 2000 — mixed
Chip stocks rebounded sharply from Friday's rout — Micron ▲~10%, iShares Semiconductor ETF ▲6% after plunging 10% on Friday. Nvidia and Broadcom also higher. Trump called for Iran and Israel to stop strikes immediately — Iran stopped strikes on Israel, providing a relief signal. Dow lagged as defensives fell. WTI and Brent eased on ceasefire signals.

3️⃣ US Futures – 🟢 Mildly positive | Early June 9
S&P 500 futures: mild ▲ | Nasdaq futures: mild ▲ | Dow futures: mild ▲
Chip rebound + Iran stopping strikes on Israel = positive overnight bias. Brent easing to $93.81 adds support. No major US data today.

4️⃣ Gift Nifty – 🟡 Flat open signal | June 9 Morning
Gift Nifty: 23,122.50 (▼51.00 / ▼0.22%)
Overnight move: ▼51 pts from Gift Nifty prev close
Implied Nifty open vs June 8 cash close (23,123): effectively flat — Gift Nifty at 23,122 vs Nifty cash close 23,123 = zero gap
Iran-Israel ceasefire + chip rebound providing floor. Houthi Red Sea ban and ongoing Iran-US bilateral strikes capping any gap-up. Net signal: flat open with direction determined by early session news flow.
Nifty weekly expiry today — first 30 mins will be volatile regardless of gap.

5️⃣ Asian Markets – 🟢 Mostly recovering | June 9 Live
🇯🇵 Nikkei 225: 64,583.00 ▲0.87% (▲558.40) | Range: 63,949–65,042
🇹🇼 Taiwan Weighted: 44,383.75 ▲2.03% (▲880.97) | Range: 43,687–44,365
🇭🇰 Hang Seng: 24,602.00 ▼0.22% (▼55.06) | Range: 24,486–24,645
🇰🇷 Kospi: 7,729.86 ▲3.28% (▲245.45) | Range: 7,598–7,847

6️⃣ Oil & India Vix – 🟡 Oil easing | Vix → share StockEdge screenshot
Brent: $93.81 (▼0.55%) | WTI (Crude Oil): $90.88 (▼0.48%) |
Brent easing from $97+ peaks on Iran stopping strikes on Israel + Trump's "stop immediately" call. Still above $90 — not yet in the safe zone for India. Houthi declaration of Red Sea ban on Israeli shipping = new supply route risk independent of Hormuz.

7️⃣ Rupee – 🔴 Near record lows | June 8 close
Usdinr: ₹95.7100 (June 8) | Change: +₹0.7500 (+0.79%)
Rupee weakened ₹0.75 on June 8 — fresh crude spike + FII outflows driving dollar demand. Dollar Index: 99.96 (▼0.06% as of June 9). Rupee approaching record low zone of ₹96.96. RBI likely intervening but not defending a fixed line.

[FinVest @FinVestDaily]

🔔 Pre-Market Report – 04 Jun 2026

⚠️ Iran fires ballistic missiles at Bahrain and Kuwait | US strikes Qeshm Island, Iran | S&P 500 snaps 9-day win streak (▼0.74% → 7,553) | Dow ▼1.21% → 50,687 | WTI ▲2.41% → $96.02 | Brent ▲1.89% → $97.81 — approaching $100 | RBI cut repo rate 25 bps to 5.75% yesterday | ADP 122,000 jobs — beats | Broadcom + CrowdStrike earnings tonight | NFP Friday | All 4 Asian markets sharply red | Gift Nifty ▼86 pts gap-down

1️⃣ FII/DII – 🔴 FII Net Seller | 03 Jun
FII CM: –₹5,616.56 Cr | DII CM: +₹5,740.89 Cr
FII F&O: Idx Fut –₹4,419.79 Cr | Idx Opt +₹11,412.47 Cr | Stk Fut –₹1,734.06 Cr | Stk Opt +₹607.94 Cr
Nifty: 23,405.60 (▼0.3%) | India Vix: 16.28 (▲6.0%) | Sensex: 74,346.17 (▼0.4%)
FII cash selling –₹5,616 Cr continuing 4th consecutive session. DII matched with +₹5,740 Cr — near fully absorbing FII selling.

2️⃣ US Markets – 🔴 S&P snaps 9-day win streak | 03 Jun Close
S&P 500 ▼0.74% → 7,553.68
Nasdaq ▼0.89% → 26,853.98
Dow ▼1.21% → 50,687.07
Stocks fell sharply as Iran struck major infrastructure in Bahrain and Kuwait, while US forces struck Qeshm Island. WTI ▲2.41% → $96.02 | Brent ▲1.89% → $97.81 — approaching $100 danger zone. Trump said Iran agreed to not have nuclear weapons but added they can change their mind, ambiguous statement failing to calm markets. ADP May jobs: 122,000 (vs 110,000 est.) — best month since January 2025; bullish NFP Friday setup. Largest single-day S&P decline in several weeks. US 10-yr yield rose.

3️⃣ US Futures – 🟡 Cautiously flat | Early June 4
S&P 500 futures: flat to ▼0.1% | Nasdaq 100 futures: flat | Dow futures: flat to ▼
Futures near flat as markets digest Iran-Bahrain-Kuwait strikes plus Trump's nuclear ambiguity. NFP Friday = largest global data event of the week.

4️⃣ Gift Nifty – 🔴 Gap-down signal | June 4 Morning
Gift Nifty: 23,319.50 (▼12.50 / ▼0.05%)
Day range: 23,279.50–23,353.00
Nifty June 3 cash close: 23,405.60 (▼77.95 / ▼0.3%)
Implied gap: ▼86 pts gap-down — Gift Nifty at 23,319 vs cash close 23,405. Iran strikes + all Asian markets red driving gap-down open. Key support: 23,200 — breach = 23,000 psychological test.

5️⃣ Asian Markets – 🔴 Sharply lower | June 4 Live
🇯🇵 Nikkei 225: 67,087.00 ▼1.92% (▼1,315.13) | Range: 66,950–68,051
🇹🇼 Taiwan Weighted: 45,833.96 ▼1.35% (▼625.20) | Range: 45,769–46,364
🇭🇰 Hang Seng: 25,301.00 ▼1.30% (▼332.21) | Range: 25,249–25,499
🇰🇷 Kospi: 8,660.68 ▼1.60% (▼140.81) | Range: 8,577–8,748

6️⃣ Oil & India Vix – 🔴 Oil approaching $100 | Vix rising
Brent: $97.15 | June 4 range: $96.63–97.96 | WTI: $96.29 | June 4 range: $93.64–96.98
Brent approaching $100 — if breached, India CAD alarm re-activates fully. Iran launched ballistic missiles toward Bahrain and Kuwait on June 3. US forces struck Qeshm Island in retaliation. Ceasefire technically maintained per Pentagon but exchanges are now bilateral, escalating, and geographically widening beyond Hormuz. US crude inventories drew 7.974 million barrels — sixth consecutive weekly draw = physical tightness persisting. Trump insists negotiations with Iran remain active despite Iranian state media claiming talks suspended.
India Vix: 16.28 (▲6.0% June 3 close — spiked sharply. PCR easing. Put support: 23,100–23,300. Call walls: 23,600–23,800.

7️⃣ Rupee – 🔴 Near record lows | June 3
Usdinr: ₹95.260 | June 4 open: ₹95.289 | 52-week range: ₹85.183–96.965
Rupee weakening as Brent approaches $100 and Iran escalation resumes. RBI 25 bps cut provides structural support via bond inflow potential but near-term oil pressure dominant.

8️⃣ OI Analysis – 🔴 Breakdown at support
India Vix ▲6.0% to 16.28 = options premiums inflating. PCR easing — put buying at 23,100–23,300. Call walls: 23,600–23,800.
Nifty at 23,405 = approaching critical 23,200 support zone. Below 23,200 sustained = 23,000 psychological test. RBI rate cut is structurally positive for BankNifty and rate-sensitives but Iran escalation overriding near-term.

[FinVest @FinVestDaily]

🔔 Pre-Market Report – 03 Jun 2026

⚠️ S&P 500 first-ever close above 7,600 | Dow ▲0.45% → 51,307 | Iran halted contacts with Washington after Israeli Lebanon strikes — weighing options on closing Hormuz and Bab el-Mandeb | Trump: talks at rapid pace — deal within a week | RBI policy decision today — 25 bps cut expected | Nifty June 2 closed ▲0.43% at 23,483 | India Vix ▼7.1% → 15.36 | WTI holding above $92

1️⃣ FII/DII – 🔴 FII Net Seller | 02 Jun
FII CM: –₹8,362.92 Cr | DII CM: +₹9,589.32 Cr
FII F&O: Idx Fut –₹1,041.16 Cr | Idx Opt –₹18,152.89 Cr | Stk Fut +₹5,211.67 Cr | Stk Opt +₹807.28 Cr
FII cash selling of –₹8,362 Cr — one of the largest single-day outflows. FII Idx Opt selling of –₹18,152 Cr = massive put buying / call selling in derivatives = aggressive hedging despite Nifty recovery. DII strongly absorbed at +₹9,589 Cr — strongest DII buying in over a week. Net institutional flow negative but Nifty still gained ▲0.43% = DII muscle overwhelming FII selling. India Vix eased sharply ▼7.1% to 15.36

2️⃣ US Markets – 🟢 S&P above 7,600 first time ever | 02 Jun Close
S&P 500 ▲0.13% → 7,609.78 (fresh ATH)
Nasdaq ▲0.03% → 27,093 (fresh ATH)
Dow ▲0.45% → 51,307.79 (fresh ATH)
HP Enterprise and Marvell were standouts, boosting the chip sector. IBM ▲7%+ on AI and quantum positioning. Brent ▲3% to ~$94-95. WTI holding above $92. Iran halted contacts with Washington after Israeli strikes in Lebanon and is weighing options including closing both Hormuz and Bab el-Mandeb simultaneously — most extreme dual-closure threat since war began.

3️⃣ US Futures – 🟡 Cautiously flat | Early June 3
S&P 500 futures: flat (~+0.1%) | Nasdaq 100 futures: flat (+0.1%) | Dow futures: flat Iran halting contacts + Bab el-Mandeb threat = caution. Trump's "deal within a week" comment providing floor. WTI above $92 overnight. Asia opened mildly higher. RBI policy today = India-specific catalyst.

4️⃣ Gift Nifty 🟢 Flat to mild gap-up | June 3
Gift Nifty: 23,482.00 (▼10.50) as
Day range: 23,453.50–23,498.50 | Prev close: 23,492.50
Implied gap: flat — Gift Nifty at 23,482 vs cash close 23,483 = virtually no gap. RBI policy outcome today is the single biggest domestic market event. Rate cut announcement = potential positive trigger intraday.

5️⃣ Asian Markets – 🟢 Opened higher | June 3
🇯🇵 Nikkei 225: 68,465.00 ▲2.59% (▲1,730.76) — surging to fresh record territory; tracking S&P 7,600 ATH + Palo Alto beat + Trump deal within a week driving strong risk-on in Japan. SoftBank, semis, exporters leading.
🇭🇰 Hang Seng: 25,706.00 ▼1.28% (▼332.32) — Iran halting contacts + Bab el-Mandeb dual-closure threat weighing on HK; energy cost concerns for China. Weakest performer in Asia today.
🇨🇳 Shanghai Composite: 4,081.18 ▲0.15% (▲6.08) — mainland China marginally positive; holding up better than HK despite Iran risk.

6️⃣ Oil & India Vix – 🔴 Oil elevated | Vix easing
Brent: $95.45 | WTI: $92.54
Iran suspended communications with Washington following Israeli strikes in Lebanon. Trump said talks still ongoing. June 3 early: Brent opening at $95.45, WTI at $92.54 — oil holding elevated, not crashing. Iran + allies considering simultaneous Hormuz + Bab el-Mandeb closure = dual-threat premium being maintained in price.
India Vix: 15.36 (▼7.1%) — easing meaningfully. PCR recovering. Put support: 23,200–23,400. Call walls: 23,700–23,900.

7️⃣ Rupee – 🔴 Under pressure | June 2 close
Usdinr: ₹94.990 (June 2) | June 3 early range: ₹94.971–95.240
Rupee slightly firmer than recent record lows — RBI rate cut expected today (10 AM IST) providing some support on bond inflow hopes. Brent back above $94 = CAD pressure persists.

8️⃣ OI Analysis – 🟢 Recovering | RBI expiry watch
India Vix ▼7.1% to 15.36 = options premiums deflating. PCR recovering toward 0.90. Call walls: 23,700–23,900. Put support: 23,300–23,500.
Nifty June 2 closed ▲0.43% at 23,483 = back above 23,400 key level. Above 23,500 sustained today = recovery confirmed.

[FinVest @FinVestDaily]

CMR Green Technologies IPO —

📅 Jun 3–5 | ₹192 | Listing Jun 10
💹 GMP ~28–30% | M-Cap ₹4,206 Cr

✅ Bull Case
→ India's largest aluminium recycler — 4x nearest competitor
→ Clients: Maruti, Bajaj, Honda, Hero, Royal Enfield
→ P/E 19–27x vs peers at 22–36x (Gravita 31x, Jain Resource 36x)
→ Circular economy theme — long structural runway

⚠️ Red Flags
→ 100% OFS — ₹0 to company, all exits
→ PE investor (AIF Capital) dumping ₹507 Cr — 12 yr stake, near full exit
→ Promoters also selling — classic exit combo
→ 2nd IPO attempt — 2021 filing had ₹300 Cr fresh issue, now dropped to zero
→ Cash Flows: ₹+610 Cr (FY23) → ₹-387 Cr (9M FY26) — profits exist, cash doesn't
→ Pre-IPO profit spike — ₹162 Cr in 9M FY26 vs ₹155 Cr full year FY25 👀
→ Capacity utilisation at just 68% — expanding while underutilising
→ 82% revenue from aluminium, 60% from top 10 clients

📊 Verdict
✔ Listing gains — May around 25-35%
✖ Long term — wait 2 quarters post listing, watch CFO recovery

Not a recommendation. DYOR.

#CMRGreenIPO #IPO2026 #FinVest #NSE #BSE

[FinVest @FinVestDaily]

🔔 Pre-Market Report – 02 Jun 2026

⚠️ Trump: I don't care if Iran deal talks are over, honestly | Brent ▲3% to $94 on Iran escalation + Israeli troops deeper into Lebanon | S&P 500 ▲0.26% → fresh ATH 7,599 | Nasdaq ▲0.42% → ATH 27,086 | Nvidia ▲6%+ on new PC chip | ISM Manufacturing 54 — beats estimates, expansion territory | Nifty closed at 23,382 on June 1 (▼165 pts) — sharp intraday reversal from 23,675 high | Kospi ▲3.68% → 8,788 (fresh record) | Nikkei ▲0.91% → 66,934 | RBI policy decision this week

1️⃣ FII/DII – 🔴 FII Net Seller | 01 Jun
FII CM: –₹3,911.68 Cr | DII CM: +₹5,109.13 Cr
FII F&O: Idx Fut –₹3,406.75 Cr | Idx Opt +₹7,807.63 Cr | Stk Fut –₹532.66 Cr | Stk Opt –₹414.55 Cr
FII cash selling of –₹3,911 Cr continued for 3rd consecutive session. DII absorbed strongly at +₹5,109 Cr — net institutional flow negative but DII holding the line. FII Idx Opt turning positive (+₹7,807 Cr) = FIIs buying index puts as hedge while selling cash.

2️⃣ US Markets – 🟢 S&P and Nasdaq at fresh records | 01 Jun
S&P 500 ▲0.26% → 7,599.96 (fresh ATH Nasdaq ▲0.42% → 27,086.81 (fresh ATH)
Dow ▲0.09% → 51,078.88 (fresh ATH)
All three indices hit fresh all-time intraday highs and closed at records. ISM Manufacturing PMI May: 54 (vs est. 53.2) — up 1.3 pts from April, firmly in expansion. New orders ▲2.7 pts to 56.8. Prices index at 82.1 — easing 2.5 pts but still very elevated (inflationary signal). Energy was the only other S&P sector in green. Trump told CNBC midday: "I don't care if Iran deal talks are over, honestly. I couldn't care less." Brent ▲3% to $94 intraday, settled near that level. US 10-yr yield: 4.47%

3️⃣ US Futures – 🟡 Cautiously mixed | Early June 2
S&P futures ▲0.18% | Nasdaq futures ▲0.41% | Dow futures ▲0.05% (▲25 pts)
Futures holding ATH levels despite Trump's don't care comment — market treating this as negotiating posturing, not war resumption

4️⃣ 🔴 Gap-down signal | June 2
Gift Nifty: 23,258.50 (▼183.00 / ▼0.78%)
Open: 23,400.50 | Day range: 23,230.00–23,401.00 | Prev: 23,441.50
Nifty June 1 cash close: 23,382.60
Implied gap: ▼124 pts gap-down — Gift Nifty at 23,258 vs cash close 23,382. Trump I don't care + Brent ▲3% to $94 + Israeli Lebanon escalation dominating pre-open sentiment. Nifty risks testing 23,200 and below at open

5️⃣ Asian Markets – 🟢 Broadly higher | June 1
🇯🇵 Nikkei 225: 66,934.33 ▲0.91% | Topix ▼0.42% at 3,940.7 — SoftBank ▲14% on €45B AI Europe investment; led index higher despite mixed broader market
🇰🇷 Kospi: 8,788.38 ▲3.68% fresh record) | Kosdaq ▼2.30% at 1,050.03 — Samsung ▲10%+ hitting all-time high on HBM chip global shipment confirmation; building toward Yuanta's 10,000 year-end target

6️⃣ Oil & India Vix – 🔴 Oil bouncing | Vix rising
Brent: ~$94 (▲3%) | WTI: ~$90.50 (▲3%)
Trump's I don't care comment mid-session June 1 + Israeli troops moving deeper into Lebanon = Brent surged from $91 to $94 in under 2 hours. Oil not collapsing despite deal uncertainty — physical Hormuz still shut, 240-ship backlog unchanged.
India Vix June 1: 16.54 — rose sharply on intraday Nifty reversal. Put support: 23,200–23,400. Call walls: 23,700–23,900

7️⃣ Rupee – 🔴 Under pressure
Usdinr: ~₹95.22 — rupee weakening as Brent bounces to $94 and Trump dismisses Iran deal urgency. RBI policy decision Wednesday = rupee direction watch. Potential rate cut = mildly rupee negative
RBI rate cut + Brent staying below $95 = rupee stabilises near ₹94–95. Trump resumes strikes = ₹97+

8️⃣ OI Analysis – 🔴 Breakdown below 23,500 | Caution
Nifty closed at 23,382 on June 1 — broke below 23,500 support zone and closed below it. PCR easing. Put buying at 23,200–23,400. Call walls: 23,600–23,900
Nifty's intraday high-to-low range on June 1: 23,675 to 23,300+ = 375-pt range showing extreme volatility. Below 23,200 sustained = 23,000 psychological test. Above 23,500 reclaim = recovery confirmed
Jolts job openings today + RBI Wednesday = two near-term triggers for OI repositioning

[FinVest @FinVestDaily]

8️⃣ OI Analysis – 🔴 Breakdown below support | Caution
Nifty broke below 23,700 on May 29 and closed at 23,547 — breached key support zone. Put support rebuilding at 23,300–23,500. Call walls collapsed to 23,800–24,000.
Nifty intraday pattern on May 29 = descending triangle breakdown. Touched 24,002 high and crashed to 23,484 low — 518-pt intraday range. Next key support: 23,200. Breach = 23,000 psychological test.

9️⃣ Key Events Today – 01 Jun 2026
🔴 US ISM Manufacturing PMI — today. May estimate: ~49.5 (contraction territory). Post-energy shock manufacturing read. Below 48 = recession signal.
🟡 SoftBank ▲5% on €45B AI Europe investment — AI capex cycle signal.
🟡 US Construction Spending — today. Post-energy shock infrastructure read.
🟡 SpaceX Nasdaq IPO — June 12 target; 5-for-1 stock split. Liquidity watch.
🟡 Hezbollah-Israel ceasefire — fragile; IDF South Lebanon ops ongoing.

1️⃣1️⃣ Geopolitics – 🔴 Deal final determination pending | Trump no hurry
🔴 Trump (Friday May 29, situation room): listed his make-or-break conditions for approving the preliminary agreement — Iran must never develop nuclear weapons, Hormuz fully reopened, enriched uranium destroyed, no financial exchange between parties. "Final determination" statement = deal may be days away OR could collapse.
🔴 Trump Sunday (June 1 morning): "no hurry" to strike a deal — walking back urgency while Pakistan/Qatar channels remain active. Classic dual-track pressure.
🔴 Draft MOU circulated by Iranian state TV: 60-day ceasefire extension + Hormuz reopening framework. White House called it "complete fabrication." Market treated it as directionally real — Brent ▼22% for May regardless.
🟡 Brent ▼22% for May — oil market pricing ~60–70% deal probability despite no formal signing. Largest monthly oil decline since April 2025. But physical Hormuz remains shut — deal not signed = supply has not normalised.
🟡 Samsung Electronics hit all-time high on HBM chip global sample shipments — South Korea's tech engine restarting independent of Iran. Kospi ▲3%+ on May 29 record at 8,476.
🟡 Nikkei 66,329 (▲2.53% May 29) + Topix new all-time record = Japan benefiting most from oil correction. SoftBank €45B AI Europe investment = capital deployment accelerating.
🟡 SPR concern: WTI slipping below $90 despite US Strategic Petroleum Reserve drawing at 2.5mbpd — "not endless" per IEA. Inventory depletion risk remains if deal doesn't come through.
🟡 Pakistan FM Dar + Qatar channel still active — ceasefire extension talks ongoing alongside Trump's situation room deliberations.

⚡ Bias: 🔴 Cautious-negative | Trump "no hurry" + Nifty breakdown + US futures negative
❌ Trump "no hurry" + draft MOU called fabrication + Nifty broke 23,700 support and closed 23,547 + US futures ▼0.35–0.80% + ISM data uncertainty + deal unsigned = multiple red flags
✅ Brent ▼22% for May + S&P 9th consecutive weekly gain + Nikkei record 66,329 + Kospi record 8,476 + Samsung ATH + SoftBank AI investment + deal optimism intact = floor holding

3 Scenarios:
🟢 Trump approves deal framework + ISM beats → Brent $85–90 → Nifty recovers 23,700–24,000
🟡 Trump "no hurry" continues, no escalation, ISM in-line → Brent $88–95 → Nifty range-bound 23,200–23,600
🔴 Trump rejects deal, resumes strikes → Brent $105+ → Nifty tests 23,000–23,200

📌 Support: 23,300 / 23,000 / 22,700
📌 Resistance: 23,700 / 24,000 / 24,200

⚠️ Nifty broke 23,700 on May 29 — this is now resistance, not support. Do not buy gap-down blindly. Confirm ISM print (8:30 PM IST) before adding longs. Monitor Trump Truth Social for situation room decision. Samsung ATH + Kospi record = Korea semis a relative strength trade. Brent below $90 = OMCs, airlines, paints domestic opportunity but only after deal confirmation.

#FinVest #PreMarketReport #Nifty #Sensex #BankNifty #Hormuz #WTI #Brent #FII #DII #IndiaVIX #Rupee #GIFTNifty #IranDeal #TrumpSituationRoom #ISM #Samsung #SoftBank #Nikkei #KOSPI

[FinVest @FinVestDaily]

🔔 Pre-Market Report – 01 Jun 2026

⚠️ Trump in situation room - final determination on Iran deal | S&P 500 9th consecutive weekly gain (longest since 2023) | Brent ▼1.77% → $92.05 — monthly decline 22% | WTI ▼18% for May — biggest monthly decline since April 2025 | Nifty ▼1.50% → 23,547 on Friday — Iran deal uncertainty | Nikkei ▲2.53% → 66,329 (Friday) | Kospi ▲3%+ → 8,476 (record) | Topix new all-time record | Trump: no hurry to strike deal | ISM Manufacturing PMI today

1️⃣ FII/DII – 🔴 Massive FII Selling | 29 May
FII CM: –₹21,105.86 Cr | DII CM: +₹16,764.14 Cr
FII F&O: Idx Fut –₹5,999.39 Cr | Idx Opt –₹5,371.21 Cr | Stk Fut –₹1,130.13 Cr | Stk Opt –₹1,261.36 Cr
FII selling of –₹21,105 Cr in cash market is one of the largest single-day outflows of the entire war period. Every F&O segment also negative — complete institutional exit across cash and derivatives. DII absorbed +₹16,764 Cr — strongest single-day DII buying in weeks — but net institutional flow still deeply negative. India Vix spiked ▲8% to 16.18 on the selloff. This was a capitulation-type FII exit on Iran deal uncertainty heading into the weekend.

2️⃣ US Markets – 🟢 Fresh records across all indices | 29 May
S&P 500 ▲0.22% → 7,580.06 (fresh ATH) Nasdaq ▲0.20% → 26,972.62 (fresh ATH) Dow ▲0.72% → 51,032.46 (fresh ATH, first close above 51,000)
All three major indices hit fresh intraday and closing all-time highs simultaneously. Monthly performance: Nasdaq ▲8% (best May since 2003), S&P 500 ▲5%, Dow ▲3% — all three indices posted best month of 2026.
S&P posted 9th consecutive weekly gain — longest winning streak since 2023. Trump in situation room Friday for "final determination" on Iran deal. Brent ▼1.77% → $92.05 | WTI ▼18% for May — biggest monthly oil decline since April 2025.

3️⃣ US Futures – 🔴 Mildly negative | Early June 1
S&P futures ▼0.35% | Nasdaq futures ▼0.80% | Dow futures ▼0.18% (▼92 pts)
Trump "no hurry" statement on Iran deal weighing on futures. Draft MOU circulated by Iranian state TV was rejected by White House as complete fabrication. SPR depletion concern — WTI slipping below $90 overnight despite SPR drawing at 2.5mbpd. ISM Manufacturing PMI today = key macro trigger.

4️⃣ Gift Nifty – 🔴 Gap-down signal | June 1 Morning
Nifty May 29 cash close: 23,547.75 (▼359.4 / ▼1.50%)
Based on US futures ▼0.35–0.80% and Trump no hurry weekend signal — implied ▼80–150 pts gap-down likely.
Key support: Nifty 23,484 (May 29 intraday low). Below that → 23,200–23,300 zone in view.

5️⃣ Asian Markets – 🟡 Mixed | June 1
🇯🇵 Nikkei 225: ▲0.17% | Topix ▼0.30% — SoftBank ▲5% (announced €45B AI investment in Europe over 5 years); Nikkei recovering after hitting 66,329 record on May 29; Trump "no hurry" limiting upside
🇰🇷 Kospi: ▲1.31% — Samsung Electronics ▲3%+ hitting all-time high; Kosdaq ▼1.58%; building on May 29 record close of 8,476.15; Trump "no hurry" but Samsung ATH driving domestic buying

6️⃣ Oil & India Vix – 🟡 Oil easing sharply | Vix watch
Brent: $92.05 (▼1.77%) | WTI: ~$87–88 (▼1.4%)
Brent posted ▼22% for May — single biggest monthly decline since the war began. WTI ▼18% for May. Driven by: rolling deal expectations, Iran allowing selective Hormuz transits, SPR releases at 2.5mbpd, and Opec+ supply hike. Physical Hormuz still shut — 240-ship backlog building. Draft MOU seen by Iranian TV (60-day ceasefire + Hormuz reopening framework) rejected by White House as fabrication but market participants believe it is directionally accurate.
India Vix (May 29 est.): ~16–17 — eased with oil correction despite Nifty ▼1.5% day. Put support: 23,300–23,500. Call walls: 23,800–24,000.

7️⃣ Rupee – 🔴 Near record lows | May 30 close
Usdinr: ~₹95.22
Rupee stabilising slightly as Brent drops to $92. Monthly oil decline of 22% = biggest single CAD relief since war began. RBI intervention pressure easing from extreme levels. Bond tax cut recommendation (Finance Ministry + RBI) still pending.
Watch ₹94.50–96.00 band.

[FinVest @FinVestDaily]

@sarang_contra But that lays also

US-origin, PepsiCo-owned, imported recipe.