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Pre - Market Analysis (2nd July 2020)


  1. US markets Slightly Negative Yesterday.
  2. Dow Futures is Trading in Positive now.
  3. Asian Markets are Mixed with positive Bias.
  4. SGX Nifty is Trading near 10480.
  5. Yesterday , Surprisingly our Markets Rallied without any News.
  6. The Rally was Majorly a Short Covering Rally.
  7. Nifty & Bank Nifty Futures were Trading at Discount , now that Short covering has been done and there is no discount on those Indices.
  8. As Per U.S ADP data 2.4 Million Jobs were added for the Month of June.
  9. Today evening, official Employment data will be Announced .
  10. Expectation as per investing.com is 3-3.5 Million Jobs will be added.
  11. If it comes as per the Expectations then it would be positive.
  12. Hopes related to Short covering have also started to increase.
  13. Pfizer has announced some drug related to Corona Virus.
  14. Yesterday Swami Ramdev also conducted a Press Conference for his claims towards Coronil.
  15. I do not know maybe this what led to Yesterdays rally in the Markets.
  16. The Hero of Yesterdays rally was Bank Nifty.
  17. Once Bank Nifty Crosses 22000 and Sustains.
  18. There would be bigger Fireworks today.
  19. Both Nifty & Bank Nifty are Trading near Resistances now.
  20. Resistance for Nifty kicks in near 10500-10550.
  21. Resistance for Bank Nifty kicks in near 22000-22100.
  22. Both Indices are likely to open near their Resistance zones.
  23. Bought 10450 CE Yesterday and sold double the Quantity of 10550 CE.
  24. If Expiry is within 10450 to 10550 will make money from both call option and put will go Zero.
  25. Nothing to lose below 10450.
  26. Risk above 10600 which will be lowered by Adjustments.
  27. FII's were net sellers Yesterday and continue to sell.
  28. DII's were net Buyers Yesterday even at such higher levels.
  29. Sold 10300,10250,10200,10150,10100 PE Yesterday.
  30. Sold 10600,10650 CE Yesterday.
  31. Was Bullish so sold more of put Options.
  32. Today's Expiry is likely to be Volatile.
  33. There might be some big rally in store once we cross Resistance zones.
  34. 10400 is a strong support for this Weekly Expiry now.
  35. Nifty might trade between 10380 to 10580 today.
  36. stockmarketadvisory.in

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