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
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