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Pre - Market Report (20th May 2020)

  1. U.S Markets closed one & a half percent Negative Yesterday.
  2. Asian Markets are Mildly Negative.
  3. SGX Nifty is trading closer to 8900.
  4. Yesterday Nifty opened with a Positive bias but was sold into by End of the Day.
  5. Bank Nifty continues to Underperform & in turn put pressure on Nifty.
  6. All the PSU stocks are now Trading near their 20 years low.
  7. As I Always Believe that the Government is the Worst Promoter & I always stay away from Investing in Government Companies.
  8. Vaccination building & Implementation takes loads of time all the Rallies RELATING to such news in an Opportunity to sell into.
  9. India VIX was below 40 Yesterday and U.S VIX was also below 30.
  10. From past few days , Asian Markets are not reacting to Global Markets.
  11. Global Markets were Contineously Outperforming but our Markets Continued to Underperform.
  12. Yesterday Bajaj Finance came out with their results & the results were not so poor.
  13. Management is highly Transparent RELATING to the hardship & Challenges faced in the Economy.
  14. Bank Nifty is the true reflection of Economy & right now it doesn't Seem good.
  15. Expect SBI to go to Double Digits and Double digit PSU Banking Stocks to become single Digit stocks.
  16. 8800 is a very Important and a Crutial level for Nifty.
  17. If 8800 is taken out then Possibilities of 8600-8500 open up.
  18. Nifty is Unable to Sustain over the levels of 9000. 
  19. Selling Pressure is visible near 9000 on Nifty.
  20. So the Trade is to sell near 9000 if we get a Bounce of any sorts.
  21. If we do not witness a Bounce then wait for 8800 to be breached on the Downside and sell the same.
  22. FII's were net sellers Yesterday but DII's were net Buyers.
  23. So we can expect some Consolidation between 8800 to 9050.
  24. Sold 8600 & 8500 PE.
  25. Sold 9200 & 9300 CE.
  26. All the Trades are of Weekly Expiry.
  27. Sold SBI 170 CE for May Series.
  28. The idea remains to sell on Rallies nearer to the Important zones with strict Stoploss.
  29. Nifty might trade between 8800 to 9050 today.
  30. Financial Stocks will continue to Underperform and need to be sold into on Rallies.


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