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Pre - Market Analysis (6th Jan 2020)

  1. US markets closed higher yesterday.
  2.  Asian markets are all over the place.
  3. SGX Nifty is trading near 14200.
  4. Last couple of days , Markets have been witnessing steep Correction in first half.
  5. Inviting short sellers and then trapping all bears.
  6. Closing higher every single day.
  7. Currently , Elections are going on in Georgia.
  8. For two Senate seats, counting is in action.
  9. Democrates are ahead in this race
  10. That may take some time.
  11. On Friday, they will open postal ballots.
  12. Boris Johnson cancelled his trip to India amid new Corona virus cases.
  13. Yesterday the star of the show was Axis Bank.
  14. It went up 6% and carried Bank Nifty with it.
  15. President Trump is yet to concede the defeat, even after more than 2 months of US Elections.
  16. Coming back to our markets, day before yesterday, all sectors did well, except Banks.
  17. Yesterday Banks out performed.
  18. Bank Nifty recovered 800 points from intraday low to high.
  19. Reliance, as usual, under performed and is in Consolidation phase.
  20. Bajaj Twins are under performing for last few sessions.
  21. Bajaj Finance fell about Rs 300 from recent high.
  22. FII's were net buyers and DII's net sellers.
  23. Both have reduced their Volumes currently.
  24. Pharma companies have started to get U.S FDA warning letters.
  25. So these stocks will be in focus today.
  26. Nifty might Trade between 13130-13320 today.


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