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Pre - Market Report (21st April 2020)

  1. US markets were down around 3% Yesterday.
  2. Asian Markets are also Trading Negative.
  3. SGX Nifty is in Negative about 1.5%.
  4. Yesterday WTI Crude prices crashed to minus 37 dollars.
  5. Due to Excess Supply in Past Few Months & also due to no Demand the crude Crash came as a Shocker.
  6. This means if you buy one barrel of Crude oil, you do not have to pay instead you will be paid if taken Physical Delivery.
  7. Donald Trump has Tweeted this & World Markets continue to be under Pressure.
  8. Companies Dealing with Business outside India could likely be under Pressure today.
  9. IT Stocks , Automobiles could be under Pressure due to Trumps Tweet.
  10. ICICI Bank closed 5% lower Yesterday due to news that is has given about 750 Crores loan to an Oil Trading firm which has likely become an NPA.
  11. Bank Nifty closed Negative due to the same.
  12. Markets may continue to Consolidate and the Bias has shifted in favour of Bears.
  13. Due to the Latest Developments etc Markets are likely to be under pressure.
  14. Although Markets are Trading within a Range , the Volatility within the range seems to be Increasing.
  15. Infosys Delivered results Yesterday & the results were at par with Expectation.
  16. Nifty Range for today is 9000 to 9300.
  17. Once 9000 gets broken & Sustains then we might Witness 8800 in a couple of Trading Sessions.
  18. When there is news , analysis doesn't work.
  19. Markets react only to the News.
  20. Reports are our that SIP's are being stopped/ Withdrawn by 70%.
  21. This is Expected because SIP's are mostly done by Salaried Class people & when there is no salary from last Month how can people do SIP?
  22. This isnt shocking for me.
  23. There will be Volatile Swings in the Markets so trading near the Boundaries seems to be the best Trade for now.
  24. Corona Virus Fears continue to Mount and the Global Number of Positive has reached 25,00,000.
  25. Nifty failed for the third time Yesterday to cross 9350. This shows that its a strong Resistance Zone.


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