Pre Stock Market report - 27,may,2020

Pre Market report - 27-may-2020

1. US market continuously moving up. But Donald trump considering sanctions against China. Due to this Dow lose half of its gain
2. Yesterday was the day market could cross 9200 levels but it failed 
3. Nifty fall 200 points from intraday high
4. Data is very bearish 
5. There was put unwinding at 9000 levels. put writers are not confident at 9000 level
6. Most of the put is written by the client that makes sense too if the market fall from here 
7. Call writing at 9100 levels and 9200 level and pro are active at these level
8. FII  index short positions and now -21591 contracts 
9. Pro has heavy call writing and it will act as resistance with -123257contracts against clients
10. The retail client has a total -150706 contract put short.
11. DII has a total of 67003 contracts put long
12. FII has a total of 100168  contracts put long
13. Sgx nifty is trading flat even after 2% move in DOW future
14. FII and DII are net buyers due to the airtel block deal
15. Mukesh Ambani prepares Facebook-backed Jio Platforms for overseas IPO
16. Kotak Mahindra Bank launches QIP to raise up to ₹7,500 crore
17. COVID-19 impact | Now, you can place an order for a pair of shoes via Whatsapp
18. Airtel promoter sells 2.75% stake to Societe Generale and others
19. Crisil sees India GDP shrink by 5% in FY21
20. India staring at the worst recession since Independence: Crisil
21. Fitch projects Indian economy to contract 5% in FY21
22. COVID-19 Vaccine Update: Novavax starts phase I/II clinical trials, here's all you need to know about the vaccine
23. ITC's biggest acquisition is a Kolkata-based spices maker.

24. Glenmark to study the efficacy of two antiviral drugs for treating Covid-19