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!