Skip to main content

Pre - Market Report (24th April 2020)


  1. US markets closed Negative Yesterday after Trading Positively for the first half.
  2. Asian Markets are all Trading Negative.
  3. This is due to the News released by WHO, that Gilead drug has failed for the Corona Virus Trial.

  4. Just a few days back all the World markets were up as Gilead claimed that its drug Remdesivir can be used to cure Corona Virus infection.
  5. SGX Nifty is now -1.5% & Trading below 9180.
  6. Yesterday as well , Nifty failed to break 9350. 
  7. Now Nifty has failed on 4 Occasions to break the Stiff Resistance of 9350.
  8. Volatile moves continue to be Witnessed between 8800 and 9350 for Nifty.
  9. Franklin India has wound up 6 Debt Schemes due to Illiquidity in the Bond Market.

  10. Most Investors feel Debt Funds are a better alternative to Fixed Deposits & infact Debt Funds offer high return.
  11. Debt Funds are highly risky as one needs to carefully Analyse which Bonds has the Debt Scheme Invested into.
  12. Debt Funds are less risky as Compared to Equity is a Myth & it has been busted today.
  13. Debt issue began in 2018 when Blackrock sold DHFL bonds. Then started Idea Bonds.
  14. This Debt Fund issue of Franklin could have an Estimated impact of more than 28000 crore.
  15. Talks for Economic Package are still going on but as far as I am concerned I don't expect anything Extraordinary from the Government on the Economy front.
  16. As all the Resources , Funds etc have been used up in the Health Sector to Tackle Corona Virus.
  17. Markets do not Seem to be coming out of this Range of 8800 & 9350. 
  18. Best Trade remains to be Patient , let the Market come in your Zone & Trade near the Boundaries.
  19. Do not carry any Positions home over the Weekend.
  20. There remains a lot of room to surprise you over the Weekend and its impact can be Witnessed on Monday.
  21. Asset Management Companies could be under Pressure today those who have high Debt Exposures. Can Explore Shorting Opportunities on this Front.
  22. When you have both the Fundamentals & Technicals in Support of you. Then the chances to fail are less likely.
  23. Nifty might Trade between 9000 & 9350.
  24. Bank Nifty might Trade between 19200 to 20500.
  25. stockmarketadvisory.in

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 (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today. stockmarketadvisory.in