Pre-Market Report

Wed, 7.25am(SGT)

1.Yesterday, Banknifty saw Gap down of nearly 200 points and in the last one hour went up.

2.Dow Jones fell 457 points( 1.89%). So ideally we should see gap down. But PM Modi's 20 Lac Crore stimulus package will be a negating force for this gap up.
https://economictimes.indiatimes.com/news/economy/finance/latest-stimulus-package-among-largest-in-the-world/articleshow/75701976.cms
India's Rs 20 lakh crore Covid relief package one among the largest in the world

3.Strike Price 19400 Premium is

4. Strike Price 18800 Premium is

5. Major news: Kotak Bank results
6. SGX Nifty saw ended nearly 4% higher due to stimulus package.
7. View: Banknifty will see a gap up of 3 to 5%. Later, it may come down.
8. Banknifty Weekly Expiry 20300 CE sold at 61..1300 points away. Tomorrow is expiry day. Will have to see how it performs.

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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