Skip to main content

Pre - Market Report (9th April 2020)


  1. US markets closed 3% higher Yesterday.
  2. U.S Markets have recovered almost 45% of what they have lost due to Corona Virus Crash.
  3. SGX Nifty is up 140 points in the Pre - open.
  4. Interesting Observation which I got is Indian Markets are Blindly copying the U.S markets from past 2 days.
  5. On Tuesday U.S Markets were up 8% our Markets also ended 8% higher.
  6. Wednesday the U.S Markets were up 2-3% in first half & then closed flat by End of the day. Same Happened in our Markets Yesterday.
  7. Will we do the same today? Until how long will this continue?  Nobody Knows.
  8. Nifty is likely to move between 8000 to 9000. This seems to be a range where Markets would keep Consolidating.
  9. If 9000 Breaks & Sustains then we should expect higher levels on Nifty.
  10. Yes we are in a Pull Back / Short Covering rally & I think this has enough legs to last further.
  11. Markets have again become Very Volatile. Yesterday Bank Nifty made a swing of 1500 Points just in a span of one hour.
  12. I see there is Bearishness Everywhere. Everybody expects the Markets to make fresh Lows due to Extension of Lockdown etc. While this may happen , currently I don't see Markets reacting to the same.
  13. As Everybody is Bearish ( Youtube Experts , Instagram Followers) this is a buy signal to me.
  14. The way to make big Money is to "SELL GREED & BUY FEAR"
  15. I am Bullish just in the Short term & I expect the rally to last more Further.
  16. So , I've changed my Strategy from Sell on Rallies to "BUY ON DIPS".
  17. The way I will ride this rally is to buy far OTM April Expiry Call Options.
  18. Far OTM call options because If I lose it won't hurt me much but if I win this can easily give 3-4 times return.
  19. In the Long run Economy is likely to weaken & the Markets could retest the lows of 7500. In the Immediate short run this Pullback could last further.
  20. 9000 on Nifty seems to be an Immediate Hurdle and Markets REVERSED Yesterday from those levels.
  21. Sold some Far away Call Options & Put Options Yesterday. (16000 PE & 21000 CE on Bank Nifty)
  22. Next week there are only 3 Working days for the Markets so would look to build some Short Straddles on Nifty as the Premiums are high.
  23. Yesterday Markets just moved in a Range , made Wild Swings , gave an Indication as if we are in a TRENDING direction but that never happened.
  24. It was in a Rangebound zone & fooled majority of the Traders. I expect the Markets to be in a Rangebound zone & keep going up slowly.
  25. 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. 
  26. Consult your Financial Advisor & Trade on your own risk. 
  27. stockmarketadvisory.in

Comments

Post a Comment

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
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more