Skip to main content

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.

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

Comments

Unknown said…
Great blogs sir. Apart from the free books, we can have extract of your knowledge daily from the blogs. Thans sir.
15 May 2020 at 20:02
Post a Comment

Popular posts from this blog

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more

Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in
Post a Comment
Read more

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se
Post a Comment
Read more