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Pre - Market Report (22nd April 2020)

  1. US markets ended 2% lower Yesterday.
  2. Asian Markets are also Trading Negative.
  3. Brent Crude is now below $20 per Barrel.
  4. SGX Nifty is now Trading Near Yesterdays low ie , 8900.
  5. Yesterday Reliance recovered 7% from lows & Stabilised the Markets by the day end.
  6. Today , there is news that Facebook is going to acquire about 10% stake in Reliance Significantly to cut Debt.
  7. Talk of the Town is Reliance Industries & it will be under the radar for Today's Trading Session.
  8. Financial Companies ( Banks , NBFC's) are in a Bear Market of their own.
  9. Bajaj Finance was down 10% Yesterday after already witnessing a 50% cut from it's All time high.
  10. Insiders know certain things from before & price action on the Stock happens before we hear the news in Indian Stock Markets.
  11. U.S Markets previously recovered more than 50% from retracement levels.
  12. Indian Stock Market retracement comes near about 9800 on Nifty.
  13. Markets are Still Rangebound & have been Trading in a Broad Range of 8800-9350 on Nifty.
  14. Today , the Bias is more on the Negative side but Reliance will continue to hold Nifty from falling sharply.
  15. Trump Suspends Immigration Temporarily for 60 days.
  16. We are in a very Weak Market.
  17. There is Absolutely no Follow through , Markets are highly Sluggish & Rangebound.
  18. The way to trade these Markets is to not hold your Positions for too long & wait for Follow through.
  19. Keep Booking Profits as you get.
  20. Holding your Positions for long when Markets are in a Rangebound zone can reverse the Markets sharply.
  21. Reduce your Position sizing to 66% than what you do Normally.
  22. This way you can manage the risk of being Chopped from the Market.
  23. Nifty might trade between 8800 to 9100.
  24. Yesterday I mentioned that once if 9000 breaks we might Witness 8800 in few trading Sessions.
  25. Once needs to Develop Extreme patience , focus on Trading on either side ( Buy or sell) & wait for your levels to come.
  26. If you dont follow it , chances are you will be Trapped on both sides.
  27. 8900 was Witnessed Yesterday & the above view still holds good.
  29. WhatsApp me Personally at :-


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