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

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results

Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday.  2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view  19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21.  stockmarketadvisory.in