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Pre - Market Report (15th May 2020)

  1. U.S Markets were down 2% in the First Half of Yesterdays Session but closed 1% higher.
  2. Asian Markets are Mixed.
  3. SGX Nifty is Trading near 9130.
  4. So far in May Series Nifty has been trading in a broad Range of 9000-9500.
  5. Within this Range Nifty is very Volatile.
  6. While Everybody was Optimistic about the 20 lakh crore ECONOMIC PACKAGE.
  7. For me it's a mere Eyewash.

  8. Markets has given all the Gains due to Economic Package sentiment and are now Trading even lower than their previous levels.
  9. WHO ( World Health Organisation) announced Yesterday that Corona Virus is here to stay for life.
  10. General Fact : EBOLA was the Virus for which the Vaccine had been developed the Fastest in the History of the World.
  11. The Vaccine took a record low timeframe of 4 Years to be developed and Implemented.
  12. Corona Virus Vaccine to be developed in 1-2 Years seems highly Unlikely.
  13. FII's have been Net Sellers Yesterday and have sold more than 2000 Crores.
  14. DII's were Net Buyers and bought around 800 Crores.
  15. DIIs bought for Rs 802 crores.
  16. Nifty Expired almost at the same level of 7th May with Big Volatile moves in between.
  17. India VIX continues to fall despite such Volatility.
  18. Yesterday During Market hours News was announced that Railways all refunding all the Tickets booked upto June 30 for all Passenger Trains.
  19. This might be a sign of extension of Lockdown.
  20. IT Sector fell more than 3% Yesterday , Reliance silently has fallen 10% for this Week.
  21. Leadership from any of the Sector seems lacking for Nifty.
  22. Bank Nifty continues to Underperform.
  23. Nifty might trade between 9000-9200 today.
  24. As long as Nifty Trades between 9000-9500 we are in a Rangebound area.
  25. Once 9000 is Breached and Sustained we can expect a fall of 100 points and next support is near 8900.
  26. PSU banks remain weak and can be good selling Opportunities for today.


Unknown said…
Great blogs sir. Apart from the free books, we can have extract of your knowledge daily from the blogs. Thans sir.

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