Pre Stock Market report, November 5, 2020

Yesterday, as expected, markets were volatile.

Until afternoon, it was trading stable.

Then Trump announced that he will go to Supreme Court to stop counting of votes.

Immediately Nifty fell 150 points and Bank Nifty fell 600 points.

Within minutes, buying came, Bank Nifty shot up 700 points and Nifty 200 points.

In the last half an hour, there was some cooling, but both Nifty and Bank Nifty closed in Green.

US markets also went for roller coaster ride.

US markets were higher.

Asian markets are also higher.

Yesterday night , Dow Jones closed 650 Points higher.

SGX Nifty was around 12170 at that time.

Currently Dow Futures are flat.

SGX Nifty around 12080.

U.S Elections have become a big drama Currently.

Results have not come and still counting in underway.

Trump was also leading Biden at one point.

f that is an indication, it will be huge gap up.

Even in US, Nasdaq out performed.

So IT index is likely to out perform here.

SBI posted good results Yesterday.

Finally it seems the worst is over for them.

Today also our Markets will be rules by U.S Election Verdict and European Markets which open around 1 pm.

Both FII and DII figures are too small.

Still, markets making big moves.

Remember, still Rs 15000 crores will have to come to India due to MSCI rebalancing.

That can propel the Nifty to all time high.

In US, VIX fell 20%.

But here, it did not even fall 5%.

So going forward, we can expect VIX to fall further.

Reliance has turned around, closed above 1900.

With IT stocks out performing, Reliance finding bottom, Banks started out performing, there is no reason to be bearish now. (For intraday have to keep all eyes and ears open drastic movement may enter anytime )

Nifty future may trade between 11920 and 12180.

There will be high Volatility today as we are opening above 12k.

If we sustain 12k and there's no incremental Negative news then we should close at the highs of the day.

If we start inching below 12k with global markets pressure then we could witness quite a heavy sell off.

Chances of a Consolidation today are quite low.

So option sellers should not go too big.

Reduce Position size and exit in small gains.

Do not wait till 3.30 pm and wish your options should end at ZERO each & everytime.

Nifty might Trade between 11850-12160 today.

Wide range due to Global Uncertainty.

Comments

THE 25 - POINT MANTRA DISCIPLINE FOR DAY TRADING

The Wheel of Success in Trading There are three spokes that make up, what I call the Wheel of Success as it relates to trading. The first spoke is content Content consists of all the external and internal market information that traders utilize to make their trading decisions. All traders must purchase value-added content that provides utility in making their trading decisions. The most important content being internal market information , which is simply time and price information as disseminated by the exchanges. As we are making our trading decisions in present time based on time and price, In order to "scalp" the markets effectively, we must have the most live up-to-date information . The second spoke is mechanics Mechanics is how you access the markets and the methodology that you employ to enter/exit your trades. You must master mechanics before you can enjoy any success as a trader. A simple keystroke error can result in a loss of thousands . A trader can ruin his e...

The Greatest Trading Book – Ever!

If you‟ve noticed the small number of pages in this blog, you may suspect that this is not the Greatest Trading Book – Ever! And you‟d be correct. But don‟t worry; there‟s a simple explanation. This blog will explain exactly how you can create The Greatest Trading Book – Ever! You see, it‟s not a book you can buy. It‟s something you create. Let me explain…

Pre Stock Market Report, September 07, 2020

Pre Stock Market Report, September 07, 2020 US markets went for a roller coaster ride on Friday. Apple opened 1% higher, then went down 9%, then recovered entire losses of 9% to close positive. Tesla also the same, fell 8% and then shot up 11%. Asian markets are mixed. US futures are also mixed. One good thing is that US markets are closed today. In last one week, Nifty saw two sharp sell off. Last Monday, from 11800 to 11350. Last Friday, from Thursday's close to Friday's low, it was about 250 points SGX Nifty hit a low of 11240 on Friday night. FIIss have sold for Rs 1889 crores and DIIs have sold for Rs 457 crores. After a long time, both FIIs and DIIs have sold heavily. That is really a bad news. Nifty closed below 20DMA. U.S Markets are closed today so market should focus on local cues. As we will get direction from local Factors only. Markets are looking weak now. One side of the Economy front everything is turning negative. But Markets kept rallying. This was only becau...

WiseMan Trading

Search This Blog