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3. Pre Market Analysis - Nov 25 2020

Updated: Nov 27, 2020

  1. Nifty touches All time High for the first time in the history

  2. Bank nifty rallied 700 points yesterday and it will break 30000 today

  3. Yesterday Reliance dragged the Nifty in the morning and came back to action in the after session ,then nifty shot rallied 60 points and closed at 13055

  4. All Banking stocks & Financial stocks , Auto Stocks ,ITC , Reliance stocks performed very well

  5. Coming to Global Markets - Dow Jones crossed 30k yesterday and closed with 500 points up and currently Dow Jones Fut trading in positive

  6. All Asian Markets are Positive

  7. Sgx Nifty crossed 13,150 and trading in positive

  8. Coming to India - First time in last 12 years , Nifty is up nearly 25% in 2 months and Bank nifty 50%. This is sharp rally

  9. Based on Global Markets and Vaccine news today our market will open with Gap up

  10. Don't chase the market if it is opened with huge gap up, wait for sometime to get clear direction or wait for the correction then go for the trade

  11. Bank Nifty is having a resistance of 30,200 and 30,500

  12. One who is looking for the open interest - For Nifty more call writing added at 13,300ce which will act as crucial resistance and 13,200 & 13,400 also carrying 20lakh OI

  13. Bank nifty is having resistance at 30,000 & 30,500 with high OI

  14. Today is Wednesday , so expect the high volatility and premium erosion in the second half . play according to that

  15. Tomorrow is the ex last date for TCS buy back

All The Best , Trade With Discipline

BONFIRETRADER

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