Pre-Market Analysis-07 July 2020: How will Nifty go?

This is the excerpts from my morning market view that is posted early in the morning in my blog. This is not a prediction or trading tip. This is an analysis of premarket macro narrative.

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Premarket analysis: 07 July 2020


  • Risk on Mood in global markets

  • Asian equities are holding gains

  • FIIs bot in cash market & gone net long in F&O

  • China-India border situation is cooling off


  • Virus infections

  • Muted expectations for upcoming result season

Global Markets: -Positive

US and European markets ended in green. They are trying to break out of recent swing tops. All risk assets such as emerging market ETFs, high yield bonds are rallying. Industrial metals are going up along with Chinese stocks. Gold is holding its gain and is on sideways coil. Japanese yen and dollar index fell. The volatility index is continuously falling.

ASIAN Markets this morning: - Positive Open

Most of the Asian markets opened in green this morning. Major Indices are currently falling back and trading flat compared to yesterday’s close. European and US futures are trading flat as well in Asian session. SGX Nifty is trading about 20 points below Nifty futures’ close yesterday.

Calendar Events:

There are no important economic data scheduled for release today.

India : -How far will it go?

FIIs have been buying in cash market for two days. However they were net-short in Index derivatives. Yesterday, both FIIs & proprietary traders reversed their position, went net long on Index futures and options (based on open interest).

How will Nifty perform today? Lets find out here

Disclaimer: Author is not responsible or liable, directly or indirectly, for any form of damages whatsoever resulting from the use (or misuse) of information contained in or implied by this posting. This should not be relied on as a source of financial, investment or trading advice. What works for one individual may not work for anyone else. Always consult and check with your financial advisor. I am an active trader therefore I have conflict of interest with whatever I have mentioned here.

Nifty ended in green. Morning dips were bot