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6. Pre Market Analysis - Dec 1 , 2020

  1. Last Friday Nifty and Bank Nifty closed with flat

  2. In all last 2 months Nifty and Bank Nifty rallied , now we can't expect more rally from nifty and bank nifty

  3. Expect some consolidation for atleast few days

  4. New SEBI rules will effects on Equity , F&O trader and the volume mat be drop today with volatility

  5. FIIs have pumped 65k crores in Nov month and its an record high for FIIs ,they already done lot of work in last 2 months so its time to book profits and don't any new position like nov month

  6. Coming to Global Markets - US Market closed lower but currently Dow Jones Fut trading in positive and almost recovered the yesterdays low

  7. Sgx Nifty fell more than 200 points yesterday but recovered that fall by opening with a gap up and trading in flat with positive

  8. Coming to India - Nifty struggling to touch all time high and 13000 will be the strong resistance for Nifty

  9. Bank Nifty may consolidate today in between the range of 30k to 29k and if it breaks the Friday's low then you can expect some down fall

  10. As per our expectations today our market will open with flat in positive but Nifty and Bank Nifty will be muted by today due New SEBI rules (due to less volumes)

  11. We got 3 holidays and we have only 2days to go for this week expiry so expect some consolidation before going make a big move

  12. Small players better to stay away by today and just observe the market how it is to play with new rules from SEBI

  13. One who is looking for OI data - For Nifty 13000ce was seen at 32lakhs contracts which will act as crucial resistance on this Dec series and 13,100ce & 13,200ce will be the next resistances

  14. Put OI of 25lakhs was seen at 12900pe for this week and 12800 will be the crucial support for Nifty by this month

  15. Coming to Bank nifty 30,000 will be the crucial resistance for this month and 29000 will be the crucial support

  16. Todays Focus on Auto Stocks as all Auto sector companies announcing their sales

All The Best , Trade With Discipline

BONFIRETRADER

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