Pre – Market Analysis (8th Feb 2020)

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Today’s stock at break down level when they open at negative, you can trade them at lower level
BANDHAN BANK at 328 target 🎯 318 SL 333 and ZEEL at 215 target 🎯 119 SL 218

1. US markets closed higher on Friday.
2. Asian Markets are also trading higher.
3. SGX Nifty is up 70 Points.
4. U.S Markets closed higher in Stimulus hope as the Jobs data was not upto the Mark.
5. Over the weekend, US passed Stimulus Bill of US1.9 Trillion.
6. This is creating a very Positive sentiment in the whole World Markets.
7. Indian Markets are on a Dream Run since last week.
8. Bank Nifty up 15% and Nifty up 10-12%.
9. SBI up 40% in a week.
10. Never ever this has happened before.
11. 15k is a Psychological Resistance and once this is taken out we can see more higher levels soon.
12. Markets won’t rally as fast as they were from last week , the pace will surely reduce.
13. But yes there is more to come after 15k.
14. Not immediately but maybe in due time.
15.  ITC , the Sleeping Elephant has also woke up now.
16. It is set to declare results this week.
17. Auto Stocks are Underperforming now.
18. Follow market trends, no need to try to change the trend because you can’t rule the market you can only follow the market.
19. Put Options are trading at high Premiums and now is the best time to sell Puts on any correction. (You can sale options of 14800, 14850, 14900)
20. Nifty might Trade between 14940-15080 today.