Skip to main content

Pre - Market Report (9th March 2020)


  1. Gulf markets are open on Sundays as they are closed on Fridays.
  2. Yesterday Kuwait market fell 10% and hit lower circuit and hence it was closed.
  3. Saudi Arabia down by more than 8%.
  4. Brent Crude fell from US$50 on Friday morning to about US$31 today morning.
  5. All Global markets are down.
  6. Nikkei, Hang Seng down by more than 1000 points & also DOW futures also down by more than 1000 points.
  7. Most markets are down by 4%. European futures also fell 4%.
  8. SGX Nifty is down by about 300 points.
  9. This crash is the worst after 2008 financial crisis.
  10. Crude is down by 25% while Gold is at all time highs US$1700.
  11. So it is absolute panic everywhere but India's position may not be that bad.
  12. India is a beneficiary of fall in Crude prices as we are the biggest Importers of Crude.
  13. India has already fallen due to local cues like YES Bank issue ,so the fall may not be very bad here.(In line with Global Markets)
  14. Nifty had hit a low of 10670 on Sep 19, 2019. We can expect an Intraday Bounce from these levels on Nifty.
  15. Right now SGX Nifty indicates that level.
  16. So if markets stabilise here, this could be the double bottom but fundamental news flow do not suggest that.
  17. We can expect some coordinated action by some Central Banks now.
  18. Corona Virus wiped out 400 points in Nifty, then YES Bank issue another 400 points and now Crude another 400 points.
  19. Do not know what next? The fear is at its peak, if I am not wrong.
  20. There is no need to look at FII figures and DII figures.
  21. Expect another 1000 point fall in Bank Nifty.
  22. I have been Repeatedly saying not to buy on Indices. This is a long term issue & won't be solved Instantly.
  23. On Friday , the S&P Volatility touched 50 which is the highest ive ever witnessed after 2008.
  24. Expect Volatility in India to touch 30 today.
  25. In such Volatile Markets the best way to Trade is to reduce your Position size to 50% & work with strict Stoploss..
  26. Markets are closed Tomorrow , a relief for the Bulls as at least there is no chance for Markets to fall Tomorrow:-)
  27. Markets started Celebrating a Month ago. Unfortunately the colour which they are using is just "RED"
  28. Capital Protection should be the Primary Aim for a Trader in these types of Market. Remember that if you survive if you have Money you can earn much more in Future. If you trade high in such Markets you may be out of the Game. Always Consider risk firstly before entering into a Trade , returns should be considered Secondary. 

Comments

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (16th June 2022)

U.S Markets closed higher Yesterday. Right now Dow futures are higher by 140 points. Asian markets are higher. SGX nifty is indicating a gap up opening. Yesterday as anticipated Fed increased the interest rates by 75 basis points. This is the largest increase since 1994. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%. How long will this relief rally go on is a big question. Our Markets were terrible yesterday. Everybody is shorting left , right and center. Yesterday all Put options premiums raised in last 30 mins. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs. Today we might get some short covering as we open and even head higher. 16000 should be a firm resistance for the day. I won't chase this gap up because when Market reverses it's with great speed. I'll look to short near 15950-15980 with a stoploss of 16020. In Bear markets the rallies sre quite ferocious but again markets make fresh lows. So remembe

Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t