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Pre - Market Report (19th May 2020)

  1. U.S Markets closed 3% Positive Yesterday.
  2. Asian Markets are also Mostly Positive.
  3. SGX Nifty is Trading near 9000.
  4. The Reason of this Global Market rally is because Moderna Inc. a Bio Technology company declared that its Vaccine has got positive results in Corona Virus testing for earlier Stages.
  5. Yesterday all the World Markets were positive but our Markets Crashed 3%.
  6. Bank Nifty was even worse and crashed 6.5%.
  7. The Bluest of Bluechip Stocks were taken to cleaners Yesterday with huge selling pressure.
  8. NBFC stocks Crashed by more than 15%.
  9. FII'S and DII's were net sellers Yesterday and have sold more ₹2500 Crores combined.
  10. Clearly the Markets havent liked the Economic STIMULUS Package announced by the Government.
  11. The reaction was ferocious and was Clearly visible Yesterday.
  12. There was huge Volatility Yesterday and Option Premiums were Trading at high Premiums.
  13. India VIX shot up 9% Yesterday.
  14. U.S VIX fell 10% Yesterday and is now below 30.
  15. Markets are likely to Consolidate today and Nifty might again enter the range of 9000 to 9500.
  16. Bank Nifty seems to be the Weakest of the Two Indices.
  17. 8780 is a Good Support for Nifty and it found Support near those levels Yesterday.
  18. If this level breaks then we might Witness 8650 very easily.
  19. If Markets go into the 9000-9500 range , spends time and consolidates then we might some short covering as well.
  20. Bajaj Finance is coming up with it's results today.
  21. Nifty might Trade between 8900 to 9070 today.


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