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