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Pre - Market Report (27th March 2020)

  1. Trump Announced 2Trillion$ STIMULUS / relief package on the wake of Corona Virus & it also got passed by the Senate Yesterday.
  2. This has been the biggest STIMULUS Package announced till date all over the World.
  3. Dow closed 4% higher Yesterday. Closed in Positive Territory for consecutive 3 Trading Sessions.
  4. SGX Nifty right now is up 1%.
  5. All the World Markets seem to be in a Pullback phase including our Markets.
  6. Honourable Finance Minister , Nirmala Sitharaman also announced at 1.5 Trillion $ package Yesterday.
  7. My Views are that this is a great Package for the poor but there is nothing for Traders & Middle Class People.
  8. RBI Governer Mr. Shashikant Das will hold a Press Conference today at 10 PM.
  9. Today is the Start of Fresh Series and on the Basis of rate cut Expectation Markets might be strong today.
  10. Upper Range for this Pullback rally seems to be near about 9200-9400 range. Those who have entered near 7500-8000 range on Nifty can look to close their long positions here.
  11. Remember than we had a 35-40% one way fall on Nifty so a recovery of 12-15% cannot be ruled out at any instance. Even in the Year 2008 during the crisis phase we had these Sharp rallies of 15-20% in between.
  12. All I am trying to say do not be in a Mindset that "ALL IS WELL" & all problems have been solved.
  13. Problems are rising day by day but Markets in these Situations might work on Sentiment in Short term.
  14. Also I have always been saying almost on an everyday basis that this is a good time to buy Quality Bluechip Stocks for Investment Portfolio.
  15. Those who are still on cash can start deploying & Accumulating your favourite Stocks.
  16. I always advice not to carry any Positions over the Weekend. Nobody Knows what incremental News might come over the Weekend and it will have a huge effect on Monday Opening. Weekends are meant to relax & switch off from Trading.
  17. If you carried large Trading Positions stress would build up due to the same.
  18. To be Frank Indices look very Volatile & choppy for me today also Yesterday after the Relief Package the direction of Markets changed Considerably. So for now there is no plan to trade on Indices today. However if my Trading Screen gives me an Indication on Market hours I might trade. Who knows!
  19. It is always Advisable to buy time & Understand the Market behaviour on the Initial days on a fresh Expiry Week.
  20. Today I will look to trade Mostly on Equity Stocks. The Stocks which have beaten up badly might give a sharp & Immediate 15-20% rally on short term basis. So this is a good Trading Opportunity to explore into.
  21. Have already Deployed 50% of my Cash the Remaining 50% would be Deployed in 2 INSTALLMENTS each on a fall of 10% on each on the Stocks I Invested into.
  22. It is also a good time to build Portfolio of FMCG , Consumption Stocks & Life Insurance stocks by deploying some Percentage of your Money.
  23. Nobody Knows when will we bottom Out & solve this problem so it is a good time to Accumulate stocks on every fall for Investors.
  24. Sold Axis Bank 600(Strike Price) April CE @7rs (Still holding)
  25. IndusInd Bank 700(Strike Price) April CE @20rs Averaged it Yesterday and Average cost is 32rs now.( Still Holding)
  26. Views Expressed here are Personal & please refer to your Financial Advisor before entering a trade & Trade at your own risk.


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