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Pre - Market Analysis (15th June 2020)

  1. US markets closed a percent higher on Friday and recovered a bit of loss.
  2. Asian Markets are mostly flat with a Negative Bias.
  3. SGX Nifty is down 85 Points and Trading near 9825.
  4. Thursday Evening U.S Markets fell 7%.
  5. Nifty opened at 9550 but closed at the highest point of the day.
  6. Fantastic recovery and rally by our Markets in Spite of huge gap down open.
  7. This Shows there is Strength in the Markets.
  8. There is no panic selling as we Witnessed in the Month of March.
  9. Reliance has bagged another Investing for it's Jio Venture.
  10. Reliance remains a Long Term Recommendation and a must have stock in your Portfolio.
  11. AGR Telecom Case was Scheduled the Previous Thursday but there wasnt any verdict given ie , 11th June 2020.
  12. The Case Verdict is now Postponed to 18th June 2020 and is an Important event for our Markets.
  13. After Witnessing Big Rallies on Friday I expect our Markets to go for Consolidation.
  14. The Range would be from 9700 to 10100 on Nifty.
  15. Nifty might Consolidate in this range for few days now.
  16. FII's were net Sellers on Friday but DII's were net Buyers.
  17. Yes Corona Virus are increasing daily.
  18. There is a concern but for every Negative news markets won't fall.
  19. Markets have already factored in all that thats why Nifty is now Trading near 10,000 or else it would have been near 13000 by now.
  20. Markets are following Global Cues now.
  21. Next Big Global Event would be U.S Elections.
  22. Market is on a buy on dip mode and Trade remains to Accumulate Long Positions on each major dip.
  23. Shorting the Market after a Good Gap down opening or Chasing the Market after a good upwards opening is not the right way.
  24. Look to buy into gap down openings & wait for Market to oblige.
  25. Nifty Might Trade between 9800 to 10000.
  26. stockmarketadvisory.in

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