Skip to main content

Pre - Market Report (30th March 2020)


  1. US markets closed 4% weak on Friday & Asian markets are mostly weak.
  2. Markets are falling despite Stimulus measures announced by their Countries.
  3. SGX Nifty is 2% weak & trading near 8450 as of now.
  4.  Meanwhile , the Corona Virus fears aren't Settling down. More than 1.2 lakh positive cases reported in U.S .
  5. Testing Mechanism is slow in India compared to U.S .Positive cases are likely to increase in the coming weeks.
  6. Expect the Broader range to continue between 7500 to 9500. Expect Markets to trade in this range unless there is any Incremental news.
  7. If 7500 on Nifty is breached, then markets would go much lower.
  8. Last Bounce back on Nifty was from 8500 to 10100 around 18-20% & it got sold off Immediately in next 4 trading sessions.
  9. This time around we have a Bounce back from 7500 levels & we made a high of 9100 on Nifty. 
  10. I think the Pullback rally is likely to end & has weak legs to gain further Momentum.
  11. We should witness another round of selling in April Series.
  12. Meanwhile , RBI has done a very good job by coming 2.7 Trillion $ Liquidity package. This was much better than my Expectation.
  13. Rate cut was expected & RBI delivered.
  14. Futures Contracts on Nifty & Bank Nifty are Trading in Discount. This shows that Bias is more inclined towards the downside.
  15. This week expiry, we have only 3 more trading sessions. Thursday is a holiday on Account of Ram Navmi.
  16. So , it's a good time to start selling Options as VIX is high and also Premiums are also quite high.
  17. I would be mostly looking at "Short Straddles" for this Week Expiry as Markets are likely to move in a range.
  18. Holding Stock Option Trades as Mentioned in the Earlier Blog for Banks.
  19. Selling after a 2% gap down Opening does not excite me. I would be looking for Bounce /rallies on Intraday to sell into. 
  20. When I say I would be looking for Bounce to sell into I mean that I would be taking only 50% of my Positions firstly & rest 50% if market rallies more. This lowers my cost.
  21. Financials is going to be the most effected sector in this Turmoil so Expect Bank Nifty to Underperform.
  22. For Traders who are new & lack Conviction it's better to stay out in such Markets because the Movements are quite high & quick.
  23. Trade only when you have more than 90% Conviction.
  24. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
Post a Comment
Read more

Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20.  stockmarketadvisory.in
Post a Comment
Read more

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
Post a Comment
Read more