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Pre-Market Analysis


Friday, 8th May 2020, 7.46am(SGT)

1. Yesterday Bank Nifty opened around 160 points Gap down, as expected. It closed at 19,491 (-202 points ie. 1.03% down)


2. DowJones ended  211 points (0.89%) up, so we can expect BankNifty to open 100 points Gap up opening.
3. Break out to the upside is expected..
4. Yesterday premium at Strike Price 19200, 19700 and 19400 (14th May Series)


 5. View: Slightly Bullish. Banknifty will end within 20,000.

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