Pre Market Report, August 28, 2020 | Stocks and Commodities

 August 28, 2020

Time: 8 am

Pre Market Report:

1. US markets closed at another record high.
2. Asian markets are mixed.
3. SGX Nifty has been very volatile yesterday night.
4. It went up to 11685, then came down to 11535, scary move.
5. But right now, it is stable, trading around 11625.
6. That is about 30 points higher than yesterday's close.
7. In last 2 months, Nifty is up by more than 1300 points.
8. Except one day, FIIs were net buyers in all 40 trading sessions.
9. DIIs were net sellers in all 40 trading sessions.
10. As usual FIIs were net buyers, they bought for Rs 1164 crores.
11. DIIs as usual, net sellers, they have sold for Rs 809 crores.
12. In last 3 months, Nifty is up by more than 2000 points.
13. That makes our outlook cautious for September.
14. In F&O also, FIIs are starting the month with 75% long positions.
15. In the last one week, under performance of Banks is getting corrected.
16. But for the whole month, Reliance has consolidated between 2100 and 2200.
17. Few trading sessions, it came below 2100.
18. What is the range for Nifty in September?
19. Today or tomorrow, I will do a video on this topic.
20. Nifty future may trade between 11550 and 11700.