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Pre - Market Report (8th May 2020)

  1. US markets closed on a Positive Note Yesterday.
  2. Asian markets are also Trading Positive.
  3. SGX Nifty is trading near 9300.
  4. Expected a highly Volatile Market Yesterday.
  5. Market performed exactly opposite , were calm & silent Throughout the day with some Big swings in between.
  6. Nifty Traded in a range of just 80-100 points throughout the day Yesterday.
  7. One of the Weakest Expiry ever witnessed. Buy & Hold option Buyers were trapped Yesterday.
  8. This is According to the Poll done Yesterday on my Instagram Page.

  9. Nifty has been Trading in a range of 9100 to 9450.
  10. Within this Range Market is highly Volatile.
  11. FII & DII combined bought shares more than 23000 crores Yesterday.
  12. GSK sold ₹25000crore worth of HUL shares.
  13. GSK is not a FII, its investment comes under FDI. ( Foreign Direct Investment)
  14. So effectively FIIs and DIIs have sold shares worth ₹2000 crores yesterday.
  15. Expecting this Range to continue for coming weeks now.
  16. Expecting the Broader range to be between 9000 to 9500 on Nifty.
  17. Markets will keep Consolidating within this Range and will be witnessing Sideways moves.
  18. FMCG sector has fallen Contineously for some days now due to HUL news.
  19. Good Opportunity for Long term Investors to start exploring Opportunities in FMCG Sector.
  20. India VIX is trading below 40 now.
  21. Expecting Nifty to trade between 9200 to 9420 today.
  22. ICICI Bank Results are likely to be Announced Tomorrow.
  23. Reliance Industries along with Auto Sector should keep holding Nifty .
  24. So I am not Expecting much of a fall from here on unless any fresh news comes in.
  25. Do not carry any Positions over the Weekend. Last Week on Monday Nifty opened 500 Points gap down.
  26. Nobody knows what news might come in and its impact on the Markets.
  27. Everybody is waiting for a STIMULUS package from Government. Maybe this Optimism is not letting Markets fall by much.
  28. Best Trade on Index Remains to trade near the Boundaries & wait Patiently for a Breakout / Breakdown.
  29. Expecting this Expiry to be Rangebound as well. Markets are likely to Consolidate within a Range.


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