Pre Market Report, January 20, 2020 | Stocks and Commodities

January 20, 2020
Time: 8.35 am

Pre Market Report:

1. On Friday US markets closed at record high again.
2. Asian markets are positive.
3. SGX Nifty is around 12400.
4. If market has to break out, it as to do today.
5. In last few days, Nifty future met with selling pressure whenever it crossed 12400.
6. Today markets will react to Reliance, TCS, HDFC Bank, HCL Tech results.
7. Today Kotak results will also come during market hours.
8. Together these stocks contribute more than 25% for Nifty.
9. Except TCS all other results seems to be good.
10. For the last few days, markets have been consolidating while world markets were marching higher.
11. Bank Nifty has been hugely under performing.
12. So today's trade is very important.
13. For some clients, I closed all the positions on Friday.
14. Will reenter today afternoon.
15. All Gas stocks are doing very well.
16. The real action is in mid cap and small caps.
17. Keep watching OI at 12500CE.
18. If there is any decrease in OI, that is the sign that market will break out.
19. FIIs as usual buying one day and selling one day.
20. Nifty future may trade between 12340 and 12460.