Search

20. Pre Market Analysis - Dec 21 , 2020

  1. Last week we have seen dip in first half and recovery in second half but stay cautious this week pattern may change and dip may not be fully recovered.

  2. Once upon a time FIIs used to buy more than 4000 to 5000 crores a day but now we are buying around 2500 crores due to year end factor

  3. It is an clear indication for us to not expect any bulls rally in this year , Better expect some consolidation or correction.

  4. This week we have some good news as well as some bad news also there.

  5. Reliance announced first gas from Asia's deepest project . Project is expected to meet 15% of India's gas demand by 2023.

  6. Till Now Nifty rallied without Reliance , Now Today Reliance will take action. Lets see How Nifty will play with Reliance.

  7. CBI detects two new bank frauds worth 8,239.79 crores , both CANARA Bank and SBIN Bank filed a case on two different companies and it may effect on Bank Nifty today so expect some downfall in Bank Nifty.

  8. Last Friday all Pharma stocks performed well.

  9. Coming to Global Markets :- US market closed lower on Friday , Currently Dow Jones Fut fell more than 250 points in the morning now recovering slowly.

  10. All Asian Markets are Negative as of now.

  11. SGX Nifty is down by 50 points.

  12. European market Fut are Down by 1% due to new Covid strain

  13. Coming to India :- Today our markets will open with Gap-down due to Global Market clues.

  14. Many news are mixed today, there are some good news and bad news also and mostly year end factor muting our markets . So be cautious while trading.

  15. Today if our market open with Gap-Down then expect some swings from the lower levels :- 13800 will be the nearest crucial resistance based on OI data and 13700 will be the nearest support based on OI data.

  16. Expect some consolidation or little bit buying push back at 13700 levels and if it breaks then it will fall further.

  17. Bank Nifty wont break 31k by today due to some bad news , 30500 will be the strong support based on OI data and chart analysis also so be cautious at 30500 levels and if it breaks then expect some further fall.

  18. Be safe while European markets opening because European rising tensions due to Covid strain


All The Best , Trade With Discipline.

BONFIRETRADER

35 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