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Pre - Market Report (17th April 2020)

  1. U.S Markets closed 1% lower Yesterday & Asian Markets & Mixed.
  2. Heavy News Flow lined up for Today Morning.
  3. RBI Governer , MR. Shashikanta Das to address the Media today at 10 AM.
  4. Dow Futures are now Trading 800 Points higher.
  5. Reports Suggest that Gilead Drug is showing Effectiveness against Corona Virus about its Drug Remdesivir.
  6. Trump Announces Guidelines to Re - open the U.S Economy.
  7. SGX Nifty up 300 points as of now ie, 8.35 AM IST.
  8. Traders should be vary of such heavy News flow & it's Implications on the Stock Market.
  9. This week was Excellent for Option Writing as VIX moved Lower.
  10. Today could be a highly Volatile Trading day Considering such heavy News flow.
  11. Nifty facing a Resistance near Zones of 9300 & if it crosses this level the next Resistance level is closer to 9500.
  12. For me Personally it seems like a no trading day as of now Considering such heavy News flow and when there is Analysis Doesn't work
  13. Market just responds and moves according to the news flow.
  14. Carrying Positions over Weekend is foolish Considering new reports coming almost on a daily basis.
  15. Do not Gamble just by carrying Positions & being Biased.
  16. Currently we are in a Rangebound Market and the larger range is about 8800-9300.
  17. One needs to be patient & wait to trade near the Boundaries.
  18. I would Personally not be trading today and Analysing all the news flow , it's Implications over the Weekend to be ready the next week.
  19. However , if anything comes up on my Screen then I may trade in second half of Today's Trading Session.
  20. If Nifty is Unable to breach 9300 and if theres not much Positive news from RBI Governer then we might see a reversal from those zones.
  21. First half of the Trading Session is key today and one needs to Patiently wait & Understand how the Market is responding.
  22. If there are any Trending Moves / Reversals then Intraday Trading Opportunity might emerge in 2nd half of Today's Trading Session.
  23. The Primary Aim should be Protecting your Capital in a Volatile Environment 
  24. Making Money should be Secondary.
  25. When not to Trade is as Important as Knowing When to enter & When to Exit.
  26. IT Stocks look Weak after Companies posted Disappointing results and Shorting Opportunities could be Explored on that front.
  27. Consult your Financial Advisor & Trade on your own risk.


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