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Pre - Market Analysis (5th Jan 2020)

  1. US markets closed lower yesterday.
  2. Asian markets are also lower.
  3. SGX Nifty is down by more than 100 points.
  4. New Corona Virus and Senate Election for two seats are the reasons for huge profit booking.
  5. These issues leading to a big fall.
  6. Yesterday the Markets were quite Volatile.
  7. From a big gap up it got immediately sold into but also recovered by EOD.
  8. Markets all over the world are trading near all time high.
  9. So any negative news, markets can fall 5 to 10%.
  10. Time to be cautious now.
  11. Here in India, IT stocks did very well.
  12. Most IT stocks hit fresh all time high.
  13. Metal index was up 5% yesterday.
  14. Though Nifty fell 200 points intraday, entire loss was recovered to close at higest point of the day.
  15. Usually that is a bullish sign.
  16. But since US markets fell, SGX Nifty indicating about 100 points gap down.
  17. Bank Nifty future closed more than 150 points premium to spot price.
  18. This Indicates Bullish signs.
  19. Midcaps and small caps out performed.
  20. Banking is the only sector that closed flat.
  21. Yesterday Bank Nifty was flat but Nifty closed higher.
  22. FIIs are net buyers for about Rs 1500+ crores.
  23. DII's are net sellers for 4th month now.
  24. U.S Markets have recovered quite well from lows.
  25. So today will be interesting day to watch out.
  26. If we defend 14000 then we might close higher but if we go below yesterday's low in first hour then selling pressure will accentuate.
  27. Nifty might Trade between 13980-14220 today.


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1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like