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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

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