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Pre - Market Report (29th May 2020)

  1. U.S Markets down 400 Points today morning.
  2. Fears & Concerns over the U.S - China has escalated recently.
  3. Asian Markets are Mostly Trading Negative.
  4. SGX Nifty is now Trading near 9400.
  5. Yesterday as Expected the Upside rally Continued .
  6. 9400 was taken away on the Nifty and we closed near 9500.
  7. Patience is the Key. Whole of the May Month Markets were Consolidating and mostly Rangebound.
  8. Those who waited Patiently Enjoyed the Breakout.
  9. Traders those who hurry up the Process might have lost everything in consolidation phase and Couldn't take benefit of the Breakout.
  10. The Dream rally is done now and now it's time to get back to Senses.
  11. India - China border issues have been escalating over the past few days.
  12. Markets are again likely to Consolidate between 9000 to 9500 for some time now.
  13.  Today we will get India's Quarterly GDP data. This data is for Jan - March Quarter.
  14. Anyways that won't be too much of relevance as everyone knows the slow growth in advance due to Corona Virus.
  15. This Weekend we would know if lockdown is being extended or eased in Most parts of the Country.
  16. FII's were net Buyers Yesterday and due to them covering the Shorts the Markets might have Rallied.
  17. Monsoon is likely to be normal, expected to reach Kerala on first week on June.
  18. Expect Nifty to trade between 9000 to 9500 for some time now.
  19. Broader range is likely to be 8800 to 9850 for the June series.
  20. Expecting the Markets to be highly Volatile within this Range.
  21. Expect Financial Stocks to weaken today due to some Profit booking.
  22. Today's trade is to sell near 9450-9500 with a Stoploss above 9500 on Nifty.
  23. If our levels don't come then we don't trade 
  24. We Shouldn't be slaves of the Market and keep running behind it.
  25. We should wait for our levels to come and then initiate a trade.
  26. Do not carry any Positions over the Weekend.
  27. Nifty is likely to trade between 9300 to 9500.


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