5 . Pre Market Analysis - Nov 27 2020
Finally we entered into the December series
Nifty appreciated 1300 points in Nov series and Bank Nifty appreciated 5500 points in Nov series
Nifty Metal , Nifty Bank , Nifty Financial Sector gained more than 20% in Nov series
FII Buyers pumped 60k crores in only Nov series and this is an record high of this year
Yesterday Nifty Metal Stocks performed very well
Coming to Global Markets - Yesterday US Market closed and currently Dow Jones Fut is flat with negative
Sgx Nifty is flat with positive
Coming to India - Yesterday Nifty fell 110 points from the opening price in the morning session and went 200 points up from intraday low & closed below 13000
Bank Nifty fell 450 points from the opening price in the morning session and went 700 points up from the intraday low & closed at 29600
Nifty is having an crucial resistance at 13000 and it will consolidate for atleast few days before going to break 13000
Bank Nifty is having an crucial resistance at 30000 and but banking stocks are taking back seat as of now due to huge rally from many days so it will time to get into action , so expect some wild moves in bank nifty untill all banking stocks get into action
Today our market will open with flat based on global clues
One Who is looking for OI Data - For Nifty maximum call OI seen at 13000ce and it will act as dynamic resistance of this Dec series and 13,100 and 13,5000ce next resistance levels which has accumulated more OI contracts
Put OI for Nifty - 12800pe was seen at more OI which will act as dynamic support and 12900pe,12700pe ,12500pe next support which has accumulated more OI contracts
All The Best , Trade with Discipline
BONFIRETRADER