Pre Market Report, February 5, 2020 | Stocks and Commodities

February 5, 2020
Time: 8.15 am

Pre Market Report:

1. US markets closed higher significantly.
2. Asian markets are higher.
3. Corona Virus fear is receding.
4. Nifty closed higher than Pre budget close.
5. That is a positive sign.
6. Nifty future closed about 10, 15 points discount to Nifty spot.
7. SGX Nifty is showing slightly negative.
8. Yesterday again India VIX closed negative.
9. After 10 days of selling, FIIs have turned net buyers.
10. Yesterday both FIIs and DIIs were net buyers.
11. Nifty shot up nearly 400 points from day before yesterday's low to yesterday's high.
12. Buying momentum was seen in all sectors.
13. Markets may consolidate ahead of RBI policy tomorrow.
14. Corporate results seems to be good.
15. Though markets were recovering yesterday, PSU Banks were under performing.
16. Once PNB results came, they also started moving higher.
17. That helped Bank Nifty to move much higher.
18. Yesterday morning I mentioned that FII selling was not as much as expected.
19. I also mentioned I sold 11400 and below PEs aggressively.
20. All have given very good profits.
21. Yesterday I sold 11700PE and 11800PE in weeklies.
22. Avoided Bank Nifty due to RBI policy tomorrow.
23. Now it is buy on dip market.
24. Gold started falling and that is the sign that all will be well.
25. Nifty future may trade between 11880 and 12020.

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