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Pre - Market Report (6th March 2020)

  1. Dow was up 1000 Points on Wednesday & Down 1000 Points Yesterday.
  2. World markets are down, due to Corona Virus fear.
  3. Markets are struggling to cope with Corona Virus.
  4. What's more worse is that at the wrong time RBI has taken action against YES Bank.
  5. YES Bank Board taken over by RBI, limits withdrawals.
  6. I have been Repeatedly saying in Public to avoid Yes Bank since the levels of 120-130.
  7. This will create panic in SGX Nifty & will pose a Question about our Indian Banking System.
  8. SGX Nifty has hit a low of 10800.
  9. YES Bank issue has been handled just like US handled Lehman Bros.
  10. US Fed cut rates by 50 basis point before markets open last Tuesday.
  11. RBI will have to do something like that, otherwise, panic will be more.
  12. US Govt as well as Fed are Working very hard to drop down the Panic and Fear & grow the Economy. In India, it is doubtful.
  13. BJP 2.0 do not seem to bother about Economy. They are worried about Citizenship , Shaheen Bagh , Cast Based Politics etc. This Government never talks about the Economy and the Growth of Capital Markets.
  14. PSUs are great wealth destroyers in the last decade & will continue to be so.
  15. It will be difficult to short the market at this time as bounce can come any time. Shorting a 150-200 gap down is Quite risky.
  16. From past few days i was thinking that Markets are forming a base , worst is over & we will recover from here.Suddenly this YES Bank issue has come.
  17. Expect both YES Bank and SBI to crash today. Won't be Surprised if Yes Bank opens 50% today.
  18. IndusInd Bank will see the collateral damage.
  19. FIIs keep selling in Cash market.
  20. They also have huge short positions in F&O.
  21. On any bounce, keep shorting the Markets this seems to be Working now.
  22. First 45 minutes, there will be huge volatility. Do not take any Positions , wait for the Markets to settle down & observe.
  23. Those who have Invested in Yes Bank should ask themselves why have they Invested in it? Have they done any Proper Research before Investing? This should be a big lesson for them that investing in Companies without any Research will cost big.
  24. Many are feeling Sad for Rakesh Jhunjhunwala as he lost about 80 Crores in Yes Bank Shares. Which ISN'T even 0.005% of his total Portfolio. So my advice would be to first take care of Ourselves Rather than Worrying about others.
  25. In my 11 Years of Experience i learnt:.     What looks Cheap will be available much cheaper. What might look very Cheaper might go to Zero. This sums up Yes Bank Story.
  26. Do not carry any Positions over the Weekend. One never knows what news might come in Weekend & it will have a Major impact on Monday.


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