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Pre - Market Analysis (22nd July 2020)


  1. US markets ended Mindly higher Yesterday.
  2. Asian Markets are Trading Mindly Positive.
  3. SGX Nifty is Trading near 11190.
  4. Markets have Continued their rally Yesterday as well.
  5. Those who Carried their positions took Advantage of it.
  6. Those who Traded Intraday could hardly make any money.
  7. HUL results were announced Yesterday and they were outstanding.
  8. Axis Bank came up with decent results and Axis GDR was up 10% Yesterday.
  9. Yesterday Surprisingly Bank Nifty Futures were Trading at Premium.
  10. This Indicates Excessive bullishness in the Market.
  11. 23000 is an Important level for Bank Nifty & once this is taken out Bank Nifty would be eyeing 23300-23500 in no time.
  12. Bank Nifty can by itself take Nifty higher.
  13. Another Positive point is U.S Vix is now below it's 200 DMA and India VIX was also below 24 Yesterday.
  14. This Indicates less fear and less Volatility in the Markets.
  15. 11200 is also an Important level for Nifty and once this is taken out and we Sustain then we can expect big move here as well.
  16. For me , it's very simple I have taken long Positions near 10900 and Im just sitting on them.
  17. Have been Trailing my Stoploss.
  18. Now my Stoploss for my Long Positions is near 11020-11050.
  19. FMCG Stocks and Banks are likely to Outperform Today.
  20. Nifty might Trade between 11080-11320 today.
  21. stockmarketadvisory.in

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