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Pre - Market Analysis (20th July 2020)

  1. U.S Markets closed higher on Friday.
  2. Dow Futures is Mildly Negative now along with Asian Markets.
  3. SGX Nifty is Trading near 10900.
  4. On Friday our Markets closed 200 Points higher.
  5. Last hour on Friday , Nifty gained 80 Points and Closed above 10900.
  6. 10900 was the 200 DMA and that has been crossed now.
  7. I didn't expect Markets to go up so quick so fast.
  8. Many Option Sellers have been selling 11000,11100 calls and now they are likely to cover their positions and take Markets higher.
  9. Nifty is in a Strong Uptrend. Last week it Corrected a Maximum of 200 Points and never closed Below 10600.
  10. This shows that the strong Momentum is on the higher side.
  11. Previously , Reliance was holding up the Nifty but now IT Stocks have also joined the Party.
  12. On Friday , Oil & Gas Sector also rallied on the back of Divestment news by the Government.
  13. FII's were selling for the last week but on Friday they started buying.
  14. I have observed in the past , once they start to buy they Contineously keep buying.
  15. HDFC Bank came up with the results this Weekend.
  16. Results on the first look seemed Good.
  17. This Week is very important for this Quarter as many Index Heavyweights will come up with their Results
  18. Important Corporate results this week Monday 20th july - ACC
  19. Tuesday 21st July - Axis Bank, HUL, Bajaj finance, Bajaj finserve, HDFC life
  20. Wednesday 22nd July - L&T, Bajaj Auto, JSPL
  21. Thursday 23rd July - Biocon
  22. Friday 24th July - Reliance, ITC ,Asian Paints, Ambuja cements, Zee entertainment.
  23. Both the Indices Nifty & Bank Nifty gave weekly Breakouts on Friday.
  24. All the Factors Indicating that we are likely to have a fairly Bullish Week ahead.
  25. Corporate Results of Companies if come as per Expectations then Markets will rally.
  26. Bank Nifty is the Key index for this Week.
  27. Bank Nifty is significantly Outperforming the Nifty.
  28. If Bank Nifty has a good week and results are good I won't be Surprised to see a 400-500 point rally for Nifty this week itself.
  29. Trade for Intraday is to buy on dips closer to 10870-10830 with proper Stoploss.
  30. Markets are likely to surprise people on the upside.
  31. Nifty might Trade between 10830-11050 today .
  32. HDFC Bank will be in focus today after it's results & According to me it should keep Bank Nifty strong.
  33. Yes I know Corona Virus Cases increasing , Economy growth reducing.
  34. But as I always say Markets look the Future.
  35. Vaccine is on the way , Cases are at Peak and will reduce now.
  36. Ignore those who still give 5000-6000 targets on Nifty.
  37. Let them live in their Dreams and Fairyland.
  38. Focus on what your Screen shows you , Currently it shows Bullish from all sides.


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