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Pre - Market Report (27 Feb 2020)

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Pre Market Report:


  1. Dow fell Consecutively for the 3rd day Yesterday.
  2. Totally Dow has given up more than 2000 points in 3 days.
  3. Now Corona Virus has rapidly gained Momentum in US as well.
  4. Just after this news, Dow futures fell more than 200 points.
  5. So the Corona Virus fear is currently at its peak.
  6. All Asian markets are mostly Negative.
  7. South Korea Central bank did not cut Interest rates as expected.
  8. South Korean markets traded in Green briefly due to rate cut expectation & since the rate cut did not come, markets fell.
  9. Our markets were highly volatile yesterday.
  10. Crude has fallen due to Global gloom.
  11. SGX Nifty is trading around 11675.
  12. For the last few days, for Call sellers, it was easy money.
  13. I Publicly Announced that im BEARISH on the Markets after the Release of Budget , many did not believe me then as Market recovered sharply after the Budget but now the Expectation seems to be Working.
  14. Yesterday around closing time, sold 11800CE.
  15. Today's markets are likely to be highly volatile. Yesterday in last Hour Nifty Futures were Swinging between 11700-11750 for 3 times.
  16. For the last few day's, everyday, previous day's low was broken. This clearly shows we are in a downtrend.
  17. If that has to happen today, then Nifty future will have to break 11638.
  18. There is no premium for Nifty Call Options in Nifty March contract, so markets are ultra bearish.
  19. FIIs have sold Rs 1000 Crore plus on Monday, Rs 2000 Crore plus Tuesday and Rs 3000 Crore plus on Wednesday.
  20. On any bounce, we can sell 11800CE for intraday with Stoploss.
  21. Banks are doing better, markets will face more Pressure if they come under selling pressure.
  22. L&T, Maruti, Hero Moto all hit 52 week lows yesterday due to Corona Virus Fears.
  23. Nifty looks more weaker than Bank Nifty & will continue to Underperform even Today.
  24. Long Term Investors should get their Shopping Bags ready and start Accumulating good Quality Stocks on dips. They will be rewarded.
  25. All sectoral indices fell yesterday.
  26. In the past, markets have bottomed out on the expiry day so let's see whether that happens this time.
  27. The way US futures are trading, it may not happen this time.
  28. Nifty future may trade between 11620 & 11780.
  29. On Expiry Days my Suggestion for Option Buyers is Trade only when you find "TRENDING" moves or else don't buy Options as Premium decay is very fast on Expiry Day.
  30. ITC is hitting new 52 week lows everyday. Im happy that many People have given up Smoking:-) 

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