PRE MARKET REPORT, APRIL 20, 2021

  • US markets came under profit booking, Asian markets are mixed
  • SGX Nifty is higher by about 80 points
  • DIIs have bought for more than Rs 2000 crores
  • Bank Nifty is likely to be more volatile
  • Nifty Future took support between 14200 and 14300 on multiple times
  • Since tomorrow is a holiday, we can expect today’s trade to be highly volatile
  • Last one hour will be interesting, as tomorrow is a holiday, markets are likely to make big gap up or gap down opening
  • If you remember last week, SGX Nifty was up 250 points while we were closed last Wednesday
  • So traders may like to close their positions towards the end of the day which can make markets more volatile
  • Nifty future may trade between 14280 and 14520

Disclaimer
“Investment/Trading in securities market is subject to market risk, past performance is not a guarantee of future performance.” Master Nifty Option is a financial market research and investment advisory firm specializing in providing Best Nifty Option Strategy, Best Bank Nifty Option Strategy and Best Stock Option Strategy