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