Search

15. Pre Market Analysis - Dec 14, 2020

  1. Friday Nifty fell 180points from intraday high and almost recovered by the end of the day

  2. Bank Nifty fell 450 points from intraday high but recovered 300points by the end of the day and closed with positive

  3. We already said in the Fridays pre market analysis that todays market will book from profits and it happened also, Friday fall is just due to profit booking and its an clear short covering in the afternoon session

  4. We are at Higher levels and we already ran alot so expect some consolidation or correction

  5. But FIIs again pumped 4,195cr on Friday so untill they give up expect bullish from markets and at the same observe DIIs also because they are selling very aggressively everyday even Friday they sold 2359cr

  6. Nifty Energy and Nifty FMCG performed well on Friday

  7. From last many days we have seen the most weighted stocks Reliance , HDFC bank and KOTAK bank are under performing but now from past 3days KOTAK bank performing well but still we need support support from other 2 stocks

  8. If HDFC bank supports Bank Nifty then it will touch 31k by today and if Reliance supports Nifty then it will touch 13800 easily

  9. Coming to Global markets :- Trump announced that covid vaccine will be free for all US residents

  10. US markets closed positive on Friday and with vaccine news currently Dow Jones Fut trading in poositive

  11. All Asian Markets are positive

  12. SGX Nifty trading in positive

  13. Coming to India :- Today the chances is more for gap -up opening in our market based on Global Market clues

  14. If it opened with gap-up then wait for it to break yesterdays high

  15. If Touches ATH then expect some selling pressure and for bank nifty still 1600 points needed to touch ATH

  16. One who is looking for Open Interest Data :- 13600ce was seen at more contracts by this week and its an ATH strike price also so be cautious at higher levels

  17. For Put options 13,500pe and 13,400pe will be the strong supports based on OI data

  18. Bank Nifty 31000 will be the crucial resistance for today based on OI data and expected some consolidation before going to break it and 30000pe will be the crucial support for today based on OI data


All The Best , Trade With Discipline

BONFIRETRADER

45 views0 comments

Recent Posts

See All

Markets started taking rest by getting into consolidation phase where as IT ,Metal stocks started booking their profits. Nifty fell 55.90 points , Sensex was down by 214.18 points and Bank Nifty shot

Markets continued the bullish rally by another day and led by Bajaj twins , TCS, HDFC twins , Bharti airtel , Asian paints etc.. Where as Nifty jumped 201.20 points , Sensex rallied 662.63 points and

Markets continued the bull run off the week with an aggressive kick start where Nifty and Sensex made new records high. Nifty jumped 225.80 points , Sensex rallied 765.04 points and Bank Nifty gained