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Pre - Market Report (28 Feb 2020)

Pre Market Report:

  1. Dow ( U.S Markets) fell 1191 Points Yesterday.
  2. This is the worst point wise fall ever in the History of Dow.
  3. Also Dow fell about 1000 points on Monday, Tuesday and Thursday.
  4. Now Dow is down more than 10% this week.This is the fastest 10% fall in the History of Dow ever.
  5. We do not know what is in store today as it is a Fresh Expiry Week.
  6. The fear may be more ahead of weekend.
  7. The Corona Virus inflicting maximum damage to stock markets & Spreading like Wildfire in all Parts of the World.
  8. All the Asian markets are Trading Negative.
  9. SGX Nifty indicating about 200 point fall in Nifty ( Pre - Open).
  10. Last six weeks is one of the worst periods for us too. We have been Underperforming compared to all Global Markets.
  11. Nifty from 12400, fell to 11600, then shot up to 12300, then fell to 12000, then shot up to 12250, then fell to 11900, then shot up to 12200, only to fall below 11500.
  12. This is nearly 30% swing in Nifty.
  13. This time Bank Nifty has not been doing that bad , Stocks like SBI & IndusInd Bank have been holding it & Controlling the fall as of now ,& In fact, yesterday many banks closed in Green.
  14. With more than 10% cut in most of the markets, we can expect some kind of action from Central Banks or Government.
  15. Our markets will also be in jitters as GDP data is expected in the evening which is presumed to Worsen.
  16. Crude keeps falling, That could be one reason for Reliance under performance.
  17. 20% of the Nifty 50 stocks hit fresh 52 week low yesterday. This is not a good news at all.
  18. The figure will be more today.
  19. The Economic impact of Corona Virus is what markets are worried about.
  20. Metals and Autos are worst affected in Feb series & March series is not opening well.
  21. The trading range for March series will be wider, 11000 to 12000.
  22. Since markets are in oversold conditions, any good news, markets will shoot up.
  23. That is why Call premiums are also high.
  24.  The fear is at its peak.
  25. Nifty future should take support at 11400 & no need to talk about any resistance.
  26. Every day Nifty has been breaking previous day's low & shorting on every rise makes sense.
  27. Selling into the Markets after a 200 point gap up doesn't make sense and also risk - reward ISN'T in your Favour . Same way It's not Advisable to buy into Nifty ,Bank Nifty as of now. Idea should be to let the Markets open and let it settle. Any minor Bounce should be sold into.
  28. Personally , i have taken some Far away OTM put Options to hedge my Portfolio and so i would likely exit all of them by EOD.
  29. For Intraday , it seems like a No - Trading day for me on Index as we are already about to open 200 Points Negative. Only if i get any Bounce near 11450-11500 i would look to sell into them or else will be just sitting on my Chair and Plan for the Upcoming Weekend:-) 
  30. When Market doesn't come to your Zone , it's better to wait Patiently and stay quiet Rather than blindly chasing the Market.
  31. As soon as Corona Virus News & Budget News was out we have advised all out PMS clients to take put Options and hedge your Portfolio. That Strategy has worked very well & this fall is not causing much impact on their Portfolio.
  32. Advising Everyone not to Carry any Positions over the Weekend as you do not know what news might come over Weekend and Monday markets might react to it.
  33. Moody's Predict that Global Economy will enter recession in first half and that is not a good news.

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