- US markets were up 2% Yesterday & Majority of Asian markets are Positive.
- SGX Nifty is almost Trading a flat terrain now.
- On Wednesday we Witnessed selling in Bluechip Stocks like Kotak Bank , HDFC Bank etc. This seems to be a phased manner selling by ETF's.
- Nifty & Bank Nifty both ended Negative by 4% on Wednesday.
- World Bank has Approved 1 Billion $ Emergency Financing for India to Combat Covid 19.
- Crude prices are up by 25% as talks on talks between U.S & Saudi Arabia to cut the Production to 10 Million Barells.
- Honourable PM. Mr. Narendra Modi has announced to post a Small Video by 9 AM today of his Official Twitter handle.
- This might change Complexion of the Market today.
- FIIs and DIIs are turning to be net sellers almost on a daily basis now.
- VIX was down 6% on Wednesday which signifies that at least some buying has begun and Panic selling is stabilising.
- Expect India VIX is likely to trade below 50 by End of April.
- I expect the Lockdown to be Extended but it will be Extended in a phased manner.
- Whole India may not be locked down but Hot Spots like Delhi , Mumbai are likely to be locked down further.
- Cases of Corona Virus in India and all over the World are Tremendously Increasing day by day.
- Expect Markets to trade between 7500 & 9500 for this Expiry Series.
- Monday is a Holiday for the Stock Markets.
- This week too , Markets would operate only for 4 Trading days. Option buyers should take a note of this and Plan Accordingly.
- April Month is very Crutial for Stock Markets. If we protect 7500 on Nifty then we could witness a decent rally towards 10,000 on Nifty in coming time.
- Do not carry your Positions over the Weekend and also this is a 3 day Extended Weekend. So chances of Excessive news flow is very very high especially in Current Scenario.
- Crude Sensitives like HPCL , BPCL might be in focus today along with ₹ sensitive IT Stocks.
- Too much of news is present today and PM's Video message is also awaited so Traders should wait for Markets to Digest all these News and then trade in 2nd Half if Picture is clear.
- Broad Range for Nifty is 8000-8600.
- Expect Finance Stocks to continue to Underperform specially the NBFC Companies.
- U.S. Unemployment data is at record high which shows that we have already entered into Recession phase. As far as India is concerned it's likely to go much worse.
- Sell on Rallies Strategy should be applied today on Both the Indices ( For Intraday) if there is no Positive Incremental News from any Front. Traders should keep an Eye on Everything happening all over the World as it may immediately change Stock Market Perception.
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
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