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Pre - Market Analysis (28th July 2020)


  1. US markets closed higher Yesterday & Dow Futures are also Trading Positive.
  2. SGX Nifty is Trading around 11170.
  3. Asian Markets are Slightly Positive.
  4. Bank Nifty Fell more than 800 Points Yesterday.
  5. Reason was due to RBI Governer Statement on Banks.
  6. Also HDFC Bank have their own issues.
  7. HDFC Bank EX Chairman Aditya Puri has sold his entire stake of HDFC Bank shares.
  8. So this gave a Negative sentiment to the bank.
  9. Bank Nifty was down more than 3% Yesterday but Nifty hardly fell about 0.7%
  10. Reason was due to few shares like Reliance & IT Stocks.
  11. These stocks are holding up the Market as of now.
  12. Reliance and IT Stocks are Trading near their lifetime highs.
  13. As Expected Yesterday Nifty has been Trading within a tight range between 11070 to 11230.
  14. Once either side of the Range breaks we can expect some big move.
  15. Bank Nifty will continue to Underperform and will be the laggard.
  16. Trend is Bullish but the Participation is very low as of now.
  17. As it still remains a buy on dip market until 11000 is broken on the Downside .
  18. FII's & DII's were net sellers Yesterday and have sold Heavily in the Market.
  19. I have sold Bank Nifty 23000 & 23500 CE Yesterday and hedged it with buying 25000 CE.
  20. Not Expecting Bank Nifty to Sustain above 22500 this Expiry 
  21. Waiting for a Big move either side to enter on Nifty.
  22. Also sold some Call Options for Banking Stocks Yesterday.
  23. As 3 days only are left for Expiry the Theta decay will be very fast.
  24. Nifty might Trade between 11080 to 11240 today.
  25. stockmarketadvisory.in

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