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Pre - Market Analysis (9th March 2020)


  1. US markets opened positive but immediately witnessed a good amount of profit booking.
  2. Dow up 300 Points.
  3. Asian markets are mostly weak.
  4. SGX Nifty is higher, trading around 15060 now.
  5. Yesterday Markets did gap up but then got sold off then recovered again sold off and closed almost flat.
  6. It was a highly Volatile intraday session but on a close to close basis Market was up only 18 points.
  7. Bank Nifty is taking support at 35000.
  8. This seems to be a strong support area.
  9. The concern now for Bulls is even FII's have started selling now.
  10. Selling is a bit aggressive now.
  11. But FIIs keep selling.
  12. They have sold for Rs 1500 crores Yesterday.
  13. In F&O also, they have added short positions.
  14. Also huge amounts of Call writing has been done 15000-15200 call options.
  15. This is a truncated week so the expiry is tomorrow itself.
  16. Options premiums reduced drastically yesterday as they were very high on Friday.
  17. Expecting this expiry between 14800 to 15200 with heavy Volatility.
  18. Nifty might Trade between 14940-15160 today.
  19. stockmarketadvisory.in

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