Pre-Market Analysis

Thursday, 7th May 2020, 7.20 am (SGT)

1. Yesterday a 30 point gap up opening, Opened at 19,302 and Closed at 19,694 (2.19% up).
2. Dow Jones ended 218.9 points (0.91%) lower due do week job data's.
3. 11 advances and 1 decline out of the 12 stocks in BankNifty. Not much pending orders in HDFC & Icici Bank..
4. Yesterday 19200 Strike Price and Today's 19700 Strike Price data is shown here.

5. Today's View: Gap down of atleast 100 points expected, Banknifty will expire within 20,000.
6. Major news item

The downgrade of SBI, Bank of Baroda, and ICICI Bank is proof that the 'biggest nightmare' for India's financial sector is becoming real.

https://www.businessinsider.in/finance/news/sbi-indusind-bank-bank-of-baroda-icici-bank-downgraded-as-paytms-paytms-vijay-shekhar-sharma-warned/amp_articleshow/75570240.cms

Comments

Market Influencer

Wed, 8.23am(SGT) 1. Yesterday Bank Nifty ended 86 points down. Initially it went up and it came down after European market opened negative. It was a Kotak Bank led rally yesterday. Downtrend momentum continues. 2. DowJones ended 390 points(1.59% down), so we can expect a gap down. 3. The 19000 SP Premium for CE & PE and ATM SP premium Thursday- 615 & 549, Friday- 428 & 634 Monday 91 & 1482 Tuesday 17 & 1566. VIX is over 70 showed uncertainity. 4. Today's View: Gap down and Consolidation pattern. 5. I have closed my trade in Positive. Today i have sold 18700 CE at 36 which is 1300 points away.

Market Influencer and May Expiry data

1. Yesterday BN went nearly 1200 points up. https://economictimes.indiatimes.com/markets/stocks/news/what-triggered-the-15-rally-in-bank-stocks-today/articleshow/76038357.cms 2. Dow Jones ended 553 points (2.23%) up. So we can see a Gap up of atleast 100 points. 3. The Option premium 4. FII- 4500 cr DII- 1800 Cr both are net buyers https://economictimes.indiatimes.com/markets/stocks/news/what-triggered-the-15-rally-in-bank-stocks-today/articleshow/76038357.cms FII buying into Kotak, Icici & Axis bank, bcz they find price is attractive. 5. Today's View- Gap up and Continue to be up. 6. At end of Expiry day

Banknifty Analysis of Market Data's for 20,21,22 nd May 2020 (Wed, Thu & Friday)

Mon,9.04 am (SGT) 1. The index data's are 20th May 2020 (Wed) 21st May 2020 (Thu) 22nd May 2020 (Wed) 2. The Premium data's are 20th May (Wed) 21st May (Thu) 3. May month series data on 21st(Thu) 4. May month series data on 22nd (Fri) 5. Today's View: Not much positive or negative news for Sat, Sun & Mon(Ramdan). Market can up or down 300 points.

Bank Nifty Analytics

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