Skip to main content

Pre - Market Report (8th April 2020)



  1. US markets closed on a Flat note Yesterday.
  2. Asian markets are also Trading Flat.
  3. SGX Nifty is also down 2%.
  4. Even with no Positive News , No Lifting of lockdown , Nifty Futures hit 10% Upper Circuit Yesterday.
  5. This came out of Nowhere and nobody expected the same.
  6. Got many Texts Yesterday from People who Carried Put Options & lost huge.
  7. Thats why I am Repeatedly saying almost on a daily basis to not carry any Positions as Markets are opening with huge gap ups and gap downs almost on a daily basis.
  8. Yesterday was a Move that would satisfy the Bulls in short term & also improve Investor Confidence.
  9. According to me , the reason for such huge rally was Short Covering. Markets were highly Oversold and shorts were not getting any sort of support/ follow through in past few days.
  10. Yesterday they dint have any Option but just to exit their positions to cover their Shorts and this led to huge rally.
  11. Again those who Carried long Positions Yesterday are likely to be trapped today.
  12. Markets might Consolidate today or it is more likely that they will give up some of the Yesterdays gain.
  13. In India , almost all State Governments have requested the Central Government to extend the Lockdown.
  14. It is more likely that Lockdown will be Extended in most parts of the Country.
  15. Markets previously responded to Corona to each and every Negative news related to Corona Virus front and reacted very sharp to it.
  16. Now Markets are not reacting on Negative News but rallying on Positive news. So my advice is not to link Corona Virus news with Markets & get biased about your Trading.
  17. There will be Breath taking rallies as Witnessed Yesterday. There will be sharp draw downs & you need to see them all.
  18. Both FII's & DII's were not buyers Yesterday. 
  19. Not by a huge sum but about 1200 crores.
  20. It's always Difficult to Analyse the next day market move after such a huge Trending day. So this is a time not to get too positive not be too bearish. Time to remain Neutral and stick to Analysis.
  21. Nifty is likely to expire between 8000 & 9000.
  22. Remember Tomorrow is Weekly Expiry & if the Markets start to Consolidate the Premium decay will be high & fast.
  23. I will look to explore Opportunity in Option Selling as Tomorrow is the Weekly Expiry.
  24. Yesterday even after a 800 point rally on Nifty , put Option Premiums dint fall Proportionately.
  25. This shows that there is no Sufficient Bias on the Positive front.
  26. Those who made Money Yesterday are adviced not to take wild Trades and huge RISKS. Protect what you earned as you may easily give up some of it in next few days as Markets might keep chopping around.
  27. Bank Nifty was the star of the show Yesterday as there were many Short Positions on that Counter and most of it got covered Yesterday.
  28. Reminder : Do not link Corona Virus news ( Deaths , Positive Cases etc)with Markets now. Markets Seem to have absorbed all of it and now only any Major Incremental News ( extending Lockdown etc) would only impact the Markets. 
  29. stockmarketadvisory.in

Comments

Popular posts from this blog

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

SVB Bank crisis Unfolds (13th March 2023)

1. U.S Markets closed lower on Friday. 2. Right now , U.S Futures are higher. 3. SGX Nifty is up 20-40 points. 4. Asian markets are higher. 5. I wasn't able to understand why were the markets crashing on Thursday & Friday. 6. During the weekend the news broke over. 7. SVB Bank which has been termed as the worst crisis since 2018. 8. This is mainly a start up based Bank. 9. This crisis was to happen looking at the start up valuations and findings received. 10. This was anticipated by big players and hence there was intense selling on Thursday and Friday. 11. Sometimes , one doesn't understand a particular move of markets unless news is out. 12. As retailers are the last players to know anything happening. 13. During the weekend , FED ensured and gave assurance that Depositors funds would be safe. 14. No depositors would lose money. 15. That's the reason U.S Futures are higher by more than a percent each. 16. Looking at Technicals , we are trading at the lower

Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like