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Pre - Market Analysis (27th Jan 2020)


  1. U.S Markets were weaker on Friday.
  2. U.S Futures are also lower now.
  3. SGX Nifty is Trading near 14200.
  4. Nifty has broke his previous weeks low of 14250 and is significantly trading lower.
  5. This Indicates a negative bias in the short term.
  6. Markets are highly Volatile now.
  7. On Monday , Bank Nifty gave a swing of 500 Point 6 times.
  8. Such is the Volatility we are dealing with.
  9. There were also some Indo - China Border issues going on & maybe due to the same we witnessed sell off.
  10. Yesterday Farmers protest also turned Violent & that might create a panic today.
  11. Overall the sentiment is Bearish now.
  12. We needed this type of Correction because Markers were rallying in a straight line.
  13. These Corrections are a good sign in Bull Market and keep Bull Markers intact.
  14. The Most Important factor which will decide whether this Bull Market is to continue or not is the Union Budget.
  15. I remember in 2017 we had a massive Bull run with Nifty up 35% mid cap and small cap index were up by more than 80%.
  16. Then Arun Jaitley introduced Long term Capital Gain tax on Shares and that led to an Emergence of Bear Market.
  17. Hearing that Govt is likely to increase STT (Securities Transaction Tax) in the Budget.
  18. If this Happens , it will lead to Bear Market.
  19. Before Budget if you cannot handle Volatility and you do not have proper skills , better to stay out.
  20. Specially if you are option writer / Hedged trader.
  21. Because Budget moves are Uncertain & Volatile.
  22. I've sold 14500 CE & 13900 PE for this expiry.
  23. Also Selling Call Options of Banking stocks.
  24. Expecting Volatility to increase further before Budget.
  25. Nifty might Trade between 14040-14320 today.
  26. stockmarketadvisory.in

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