Pre Market Report 

Friday,17 April 2020

Time : 8:15

1. Dow Jones closed almost flat on Thursday, Higher by 33 points.

2.But Dow Future is trading almost 900 points higher expecting Data related to Potential COVID-19 treatment from Gilead sciences and Guidelines for re-opening the US economy came from the White House.

3.SGX Nifty is Trading at 9250 higher by almost 300 point (Time:7:20)

4.Indian Market is likely to open Gap Up.

5.RBI governer Announces new measure today at 10:00 AM

6.China's GDP print for the first quarter is expected to be out at around 10:00 AM

7.Today Market is going to be highly volatile as market is driven by news.

8.The rupee ended at an all-time closing low of 76.79 against the U.S. Dollar on Thursday as           compared to Wednesday's close of 76.45.

10.F&O Cues ( April 23 Expiry)

  Maximum Open Interest on Call side at 9,500 strike (6 lakh shares).

  Maximum Open Interest on Put side at 8,000 strike (7.8 lakh shares).

  Open Interest addition seen in 8,000 Put (4.8 lakh shares), 8,500 Put (4 lakh shares) and 9,200 Call     (3.9 lakh shares).

11.Level to Watch Today

   Support - 8820-8750-8530

   Resistance-9000-9250-9570

Have a Profitable Day Ahead

Pre Market report

Thursday,16 april 2020

Time:8:00

1.Dow Jones falls 445 point as Economic Data,Earnings Dent Hopes of V-Shaped Recovery.

2.Dow future is trading 93 points down (Time:7:10)

3.SGX nifty is trading higher by 34 points at 8860. ( Time:7:30)

4.Asian markets have opened weaker on Thursday morning following weak cues from Wall Street.

5.F&O Cues

  Maximum Open Interest on Call side at 9,500 strike (20.1 lakh shares) ( Nifty Expiry 16 april)

  Maximum Open Interest on Put side at 8,000 strike (14.7 lakh shares)  ( Nifty Expiry 16 april)

6.U.S. President Donald Trump said that data suggests the country has 'passed the peak' on new Covid-19 cases and that he will announce fresh guidelines on Thursday to relax the stay-at-home rules.

7.The currency ended weaker at 76.45 against the U.S. dollar as compared to Monday's close of 76.28.

8.Yesterday Market evident that Market is opened by amateur but closed by Proffesional.

9.Overall Structure of the market is bearish, SELL ON RISE .

10. Level To Watch 

   Support-8870-8560 

   Resistance-9050-9250

Have a Good day Ahead 

Pre Market report

Wednesday,15 april 2020

Time:8:00

1.Dow Jones closed higher by 559 points (2.39%) on Tuesday

2.Dow future is trading negative -132 points (0.60%)  Time: 7:00

3.SGX nifty gains significantly more than 200 points on tuesday closed near 9250 level

4.SGX nifty  is trading flat (Time:7:30)

5.Asian equity markets have begun Wednesday’s trading session on a mixed note.

6.The currency ended flat at 76.28 against the U.S. Dollar as compared to Thursday's close of 76.27.

7.F&O Cues

•   Maximum Open Interest on Call side at 9,500 strike (14.3 lakh shares) ( Nifty Expiry 16 april)
•   Maximum Open Interest on Put side at 8,000 strike (18.5 lakh shares)  ( Nifty Expiry 16 april)

8.Lock down extended to 3 may 2020, Consensus is bearish on market citing reason lockdown       extension which I think is most known thing to happen and market already factored that news.

9.Market need surprise to fall again and Market are designed to defeat consensus view.

10.Yellow Metal is trading at all time high ,concern that the coronavirus panademic will have deep effect on Global economy.

11.On Monday FII and DII both are net Seller 

12.Level to watch 

    Support: 9150-9250

    Resistance: 8920-8750

Have a nice day!

Pre Market Report

Monday,13 April 2020

Time: 8:00

1.US market closed on thursday in green 285 points.

2.Dow Future is trading negative 322 points (7:05)

3.SGX nifty is in negative territory down by 140 points 1.52% (7:05)

4.Nifty likely to open gap down 

5.Oil price war Ends with Historic OPEC+ deals to cut output

6.Crude oil price is trading 5% higher.

7.Local virus impact creates negative sentiment.

8.HDFC deal is positive for market

9.Dice loaded in favour of negative especially if FII sell.

10.Cues on Lockdown impact market

11.Market is waiting for Stimulus announcement by Govt. 

12.Remember always in market SELL on news BUY on rumour.

13.Levels to watch 

     Immediate Support-9000-8900

     Immediate Resistance -9250-9320

Have a profitable Day ahead

     

Pre market report

Thursday,09 April 2020

TIME:8:30

.Wall street rose on wednesday ( 779 points) on hopes the coronavirus outbreak in the US was close to its peak and expectation that congress will hundred of billions more in the Economy.

2.SGX nifty trading positive 151 point up ( 7:45) lead to Gap up opening .

3.Yesterday we have witnessed very high volume .Now 8500-9000 range will decide the trend.

4.Indian market will react on the news of extension of lockdown and expection of stimulus by govt.

5.Govt. to issue Rs. 18k cr. As I-T refund

6.OIL price have risen after Algeria confirmed that an emergency meeting of the OPEC+ will be held today

7.Rupee ended at a record low of 76.34 against the US dollar as compared to tuesday lose of 75.63. It was second straight Day of weakness for the local currency.

8.Nifty April future closed at 8750.5 premium of 1.8 points versus 83.6 points

9.Nifty PUT-CALL ratio at 1.30 versus 1.45 across all series 

10.Maximum Open interest on call side at 9000 strike ( 15.7 lakh share)

11.Maximum open interest on put side at 8000 strike (18.6 lakh share)  

15. Levels to watch today

    Support: 8650-8500-8360

    Resistance: 9000-9150

Have a nice day 

Pre Market report 

Wednesday,8 April 2020

TIME:8:30

1.US market opened in POSITIVE(800 point) but by the end of the day all the intial gain wipeout and Market closed in negative (-22 points).

2.SGX NIFTY down by 120 points which lead to GAP down opening.

3. Asian markets are also flat with some positive and some negative bias.

4.Crude Rises as hopes build for a global production cut.

5.HDFC bank 10% circuit and ICICI bank hit 15% circuit yesterday

6. For the last week ,Nifty has been trading between 7500-9000

7. Now we are at top end of the range.

8. Breaking the 9000 resistance is not going to be that easy, untill lock down is lifted 

9.New york reports biggest 1-day death toll creates negative sentiment

10. Indian Govt. planning to lift down lock down in phased manner

11.Level to Watch 

12.Support- 8500-8300

13.Resistance- 9000-9200

Have a profitable Day ahead

Pre market report

Tuesday,7 April 2020 

TIME:8:15

• HDFC Bank AGR up 10% and ICICI Bank ADR up by 8%
• So Today we can expect banknifty may open higher 3 to 4 %
• Dow Jones up by 7.73% on Monday
• Nifty future closed at 8084 on friday and 
•  SGX nifty is trading at 8490 (+406 points ) 7:30 am
•  Asia gains on the Big stimulus from japan and singapore
• UK Prime Minister Boris johnson has been moved to ICU , Due to this european market is going to open negative which may wipeout NIFTY initial gain , second half is important as european market will open in mid session .
• Stock to watch Bajaj twins as in concall Management commentary is cautious which never happen before.
• OIL is moving higher it is good sign for world economy
•  Stock To watch saw long build-up on friday 
•    - Torrent pharma, IGL ,DIVIS lab , cadila healthcare, biocon, GAIL, CIPLA
• Technical perspective :
•      Level to watch today in NIFTY:
•      Support: 7750-7520
•      Resistance :8350-8690

Have a Profitable Day Ahead