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9. Pre Market Analysis - Dec 4, 2020

  1. Yesterday Nifty opened with a gap-up and made a new All Time High but it covered the gap at the end of the day

  2. Yesterday all auto stocks performed very well

  3. Maruti shout up 7%

  4. Yesterday HDFC Bank fell as RBI restrained HDFC Bank from issuing further Credit cards and launching digital programs

  5. That is the reason for HDFC bank fall yesterday and only HDFC bank contributed more than 150 points in bank nifty for yesterdays fall

  6. Coming Global Market :- Dow jones closed below 30k and NASDAQ made All Time High , currently Dow Jones Fut trading in positive

  7. Sgx Nifty is positive

  8. Coming to India :- If Nifty breaks ATH today then next coming days it will rally 200 points easily

  9. Bank Nifty is consolidating in between 29k to 30k from many days , we can expect the same consolidation untill it breaks any oneside

  10. If Bank Nifty breaks any one side then you can expect a huge rally or fall

  11. Today RBI Monitory policy committee meeting is there at 10 A.M

  12. So you can expect the consolidation in the first 1hr of the market so better trade after the policy meeting

  13. Today morning session Nifty and Bank Nifty will be consolidate and will give a clear direction in the after session

  14. The One Who is looking for Open Interest data :- 13200ce and 13300ce was seen more contracts by this week expiry and 13200 is the crucial resistance for nifty

  15. for put options 13100pe was seen at more contracts and 13000pe is the next high contracts and mark it as supports for Nifty

  16. Bank Nifty 29500ce was seen at more contracts but 29500 and 30000 is the crucial resistance for Bank Nifty and if Bank Nifty breaks 30k then it will rally more than 300 to 400 points

  17. For Put options data 29000pe was seen at more contracts and 29k is an crucial support for Bank Nifty and if it breaks 29k for sure it will fall more 400 points

All The Best , Trade With Discipline


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