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2 . Pre Market Analysis - Nov 24 2020

Updated: Nov 27, 2020

  1. Yesterday Nifty opened with gap-up and fell 130 points within short time but recovered the fall by the end of the day and closed with positive

  2. Bank nifty opened with gapup but not able to sustain towards positive side because after market opening all banking stocks started falling down except Indusindbk

  3. Yesterday Indusindbk up by 3.79% ,we clearly mentioned it in yesterday pre market analysis

  4. Nifty IT and Reliance performed very well yesterday and supported to nifty to end up with green

  5. Coming to global markets ....US market closed with positive and currently Dow Jones trading in positive

  6. All Asian market are positive and Sgx nifty trading in Positive

  7. Here in India , yesterday wockhardt pharma shot up 15% due to vaccine news....Astrazence says Oxford-Astrazence covid vaccine is 70% effective but there is Moderna and Pfizer - Biontech is more than 90% effective ...compare to result Moderna and Pfizer are best but Storage conditions and price is low compared to them

  8. One who is looking for Open interest day , mentioned below

Maximum Call open interest of 41.32 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,000 strike, which holds 36.69 lakh contracts, and 13,200 strike, which has accumulated 31.7 lakh contracts.

Call writing was seen at 13,500 strike, which added 8.4 lakh contracts, followed by 13,200 strike which added 5.82 lakh contracts and 13,100 strike which added 5.4 lakh contracts.

Call unwinding was seen at 12,800 strike, which shed 6.55 lakh contracts, followed by 12,700 strike which shed 2.52 lakh contracts and 12,900 strike which shed 2.42 lakh contracts.

Maximum Call open interest of 41.32 lakh contracts was seen at 13,500 strike, which will act as crucial resistance level in the November series.

This is followed by 13,000 strike, which holds 36.69 lakh contracts, and 13,200 strike, which has accumulated 31.7 lakh contracts.

Call writing was seen at 13,500 strike, which added 8.4 lakh contracts, followed by 13,200 strike which added 5.82 lakh contracts and 13,100 strike which added 5.4 lakh contracts.

Call unwinding was seen at 12,800 strike, which shed 6.55 lakh contracts, followed by 12,700 strike which shed 2.52 lakh contracts and 12,900 strike which shed 2.42 lakh contracts.

9. Today Nifty had a resistance of 13000 lets see whether it will break or not by today and bank nifty had a resistancce of 29500 and 30000 and support of 28800

All the best , Trade with Discipline

BONFIRETRADER


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