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Pre - Market Report (13th May 2020)

  1. U.S Market closed 2% Negative Yesterday.
  2. Asian Markets are Mixed.
  3. SGX Nifty is now Trading Near 9400.
  4. The bigger Range of 9000 to 9500 seems intact even now.
  5. Yesterday, news was announced that our Honourable PM is going to address the Nation.
  6. More Details are attached via images below.


  9. Announcement of Economic STIMULUS is surely Positive but the Fears for Extension of Lockdown still continues.
  10. States have given total Responsibility by the Centre to handle the Lockdown issues.
  11. Yesterday IIP Data (Index of Industrial Production) was announced & it's minus 16.7% which is the lowest ever in the History.
  12. Inflation also was at its Peak.
  13. Many Countries have started reporting fresh cases of Corona Virus.
  14. There is an increased fear of second Wave of Corona Virus infections.
  15. China have reported several fresh new cases of Corona Virus.
  16. Both FII's and DII's were net sellers Yesterday.
  17. Meanwhile , Vedanta has announced Delisting of its Shares from the Exchange at a price of ₹87.5 per share.
  18. Nestle India posted Good results Yesterday and best Analyst Estimates on all front.
  19. If Nifty Crosses 9450-9500 levels then we might Witness 9800-9900 this Expiry itself.
  20. 9200 is now the Major support for Nifty.
  21. Not Advisable to chase this Gap up at the opening. 
  22. Wait for some time after the Market opens and let Nifty cross 9450 desisively.
  23. Once this happens we will witness huge short covering and can explore long Positions.
  24. Expect Bank Nifty to Outperform today as high shorts are being built in Bank Nifty over past few days.
  25. Financial Sector might Outperform today so Equity Trading Opportunities can be Explored on that front.
  26. ICICI Bank ADR was up 10% Yesterday in U.S Market.
  27. HDFC Bank ADR was up 7% Yesterday in U.S Market.
  28. stockmarketadvisory.in



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