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Pre - Market Report (22nd May 2020)

  1. US markets ended on a Slight Negative zone Yesterday.
  2. Asian markets are also Trading Negative.
  3. SGX Nifty is down 50 points trading near 9030.
  4. Yesterday we opened with a gap up and were able to Sustain but gave up all the Gains in last Hour.
  5. Last 3 Expirys of May Month Nifty closed between 9100 to 9200.
  6. It doesn't mean Nifty is trading in just small Range.
  7. Nifty is going everywhere but expiring within that range itself.
  8. May Month has been a month of Consolidation for Markets.
  9. Meanwhile , Reliance is very close to get a cheque of ₹11,000 crore from KKR ltd.
  10. Reliance is able to raise huge funds from Global Investors despite the Corona Virus issues.
  11. In Bear Market big Companies become bigger and small Companies with high Debt become Zero.
  12. Money shifts into Big Bluechip Companies as they are sureshot survivers from this Pandemic.
  13. RBI Governer Shashikanta Das to Address Media at 10 AM.
  14. Bank Nifty would be very Volatile today upto 10.30 AM.
  15. India is Underforming the World Markets and may continue to Underperform.
  16. FII's were net sellers Yesterday and DII's net Buyers.
  17. These are some positive local cues.
  18. Reliance is the Savior for our Markets currently.
  19. If Reliance wouldnt have been there Nifty would have been near 8500 now.
  20. Reliance is single Handedly providing Stablility to Markets.
  21. Also Reliance is a strong long term Recommendation from my side and should be in every Portfolio.
  22. April Month Nifty was Consolidating in the same Range but in last week Markets gave a Breakout.
  23. May Month as well Nifty is mostly Trading in the same range so big move may be Witnessed.
  24. Monday is a Trading holiday so we have only 4 working days for this Expiry.
  25. Advice is not to carry any Positions over the extended Weekend.
  26. Trade for Intraday is to buy on dips for Nifty near to 9000-8950. 
  27. However , we have an event on our Hands today so it might effect Markets.
  28. Nifty might trade between 8950-9120.
  29. Bank Nifty will be highly Volatile and may decide Nifty direction as well.
  30. Banking Stocks likely to be in focus ahead of Event.
  31. FMCG & Consumption looks strong.


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