Skip to main content

Pre - Market Report (5th March 2020)

  1. Dow closed more than 1000 points higher.
  2. Volatility had begin last Monday & since then, out of 8 trading sessions, I think Dow moved more than 1000 point up or down on 6 days.
  3. Asian markets are positive.
  4. India is not following Global cues now as the Fear of Corona Virus in India is driving India markets crazy.
  5. Yesterday it was so volatile, Bank Nifty fell more than 1000 points and recovered more than 600 points from low.
  6. But FII sell figure has come down, below Rs 1000 crore, for first time in last two weeks.
  7. DIIs also have bought for less than Rs 1000 crore.
  8. Today is weekly expiry, so volatility is likely to continue.
  9. Despite strong Global cues, SGX Nifty has been trading in Red.
  10. Corona Virus fear seems to be receeding, particularly in China & is increasing in India.
  11. SBI Card IPO, QIB portion over subscribed by 57 times. 
  12. Those who haven't Subscribed yet , today is the last day to Subscribe.
  13. It is likely to over subscribe by more than 100 times as HNIs and Retail will apply only on last day & this is on the way of becoming a Blockbuster IPO & this might help SBI to stabilise.
  14. Bank Nifty under performed yesterday & HDFC Bank was the main Laggard.
  15. If there is any short covering, Bank Nifty will out perform.
  16. Good Global cues and bad Local cues, markets can go both sides and that is what happened yesterday.
  17. As I said earlier, Nifty will be making violent moves between 11000 and 11500.
  18. With high determination by DIIs and improving Global cues, I do not think these far OTM option buyers will make money if they hold the positions until maturity.
  19. Option buying is basically for momentum players, they get in and get out before momentum dies.
  20. Only hedgers will hold the options until expiry.
  21. US markets came out of correction territory. By US definition, more than 10% fall from high is called Correction and more than 20% fall from high is called Bear market.
  22. In last 3 days, Dow was up more than 1000 points on two days.
  23. If markets are higher, expect some TV channels to give some bad news between 2 pm and 3 pm. 😛😛😛.Be cautious in the last one hour, keep your volumes low.
  24. I have been Receiving many texts and messages as to how should one trade in such Volatile Markets?
  25. The Answer is to identify the Boundaries and trade Opposite trades near the Boundaries.These are the best Risk - Reward Trades in your Favour.
  26. Nifty short term support is 11100 and resistance is near 11400. Yesterday Nifty was Trading in the same range whole day. So taking Opposite Trades particularly when Markets are near Boundaries by keeping a strict Stoploss is the way to go.

Comments

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso