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27. Pre Market Analysis - Dec 31 , 2020

  1. Nifty closed in green for the 6th straight day.

  2. Bank Nifty under performing.

  3. Indian Government are extended the ban on international flights further by a month, till Jan 31, 2021.

  4. Today is the last expiry of the year & decade also. and we have less positive news.

  5. Many people will try to book their profits due to year end so expect some bear market.

  6. Auto stocks are performing well, as they are announcing their Dec sales on Jan 1st 2020.

  7. FIIs bought 1824.52 crores and DIIs sold 587.43cr.

  8. Coming to Global Markets :- US markets closed in positive yesterday , Now Dow Jones Fut trading flat as of now.

  9. All Asian markets are mixed.

  10. SGX Nifty is down by 28points as of now.

  11. Coming to India :- Today our markets may open flat based on Global markets clues.

  12. people are expecting the Nifty above 14k by today but it wont happen by this day.

  13. Many factors are there for profit booking today , like year end factor and some people wants to add their positions by next year only.

  14. we don't have market by next 3 days also so expect some less moves on upside today and today we may see this expiry with huge volatility.

  15. The One who looking for Open Interest data :- Nifty had a strong resistance at 14k based on OI data and 14100 will be the next resistance and 13,800 & 13,900 will be the strong supports.

  16. Bank Nifty had a resistance at 31,500 and support at 31,000 based on OI data.

  17. Expect both side wild moves with huge volatility.


All The Best , Trade With Discipline.

BONFIRETRADER

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