Skip to main content

Pre - Market Report (12th May 2020)

  1. US markets closed on a Flat Note Yesterday.
  2. Asian markets are mostly Negative.
  3. SGX Nifty is trading near 9140. Down almost 80 Points as of now.
  4. Yesterday our Markets have tested the higher range band of 9450 and today we are likely to test the lower band of the Range     ie ,9100.
  5. Will be Interesting to see if we hold on to the lower range of 9100 today.
  6. Bank Nifty Punctured the Nifty rally Yesterday. It is highly Underperforming Compared to Nifty.
  7. ICICI Bank closed 6% lower Yesterday which led to high Underperformance in Bank Nifty.
  8. China have reported several fresh new cases of Corona Virus.
  9. While there is Optimism related to Economic STIMULUS , easing of Lockdown etc but the fear is relating to the second Wave of spreading of Corona Virus.
  10. Detailed Analysis of FII & DII Data Below:

  11. Auto Sector & Reliance were the star of the Show Yesterday.
  12. Maruti is commencing it's Manufacturing activities with 50% Capacity 
  13. Reliance features in Top 5 Companies in the World that has given maximum returns since the Lows of May 2020.
  14. Yesterday a meeting was Chaired between Prime Minister & State Chief Ministers regarding the Lockdown.
  15. Most of the State Ministers have Requested for an Extension of Lockdown.
  16. Since the Beginning of May Month , Nifty has been Trading within a Range of 9100 to 9450.
  17. Expecting this Range to continue for few more Trading Sessions.
  18. If 9100 gets taken out then the Next Support is around the levels of 9000 for Nifty.
  19. Sold 8700 PE , 8750 PE , 8800 PE.
  20. Sold 9600 CE , 9650 CE , 9700 CE.
  21. All my Trades are of Weekly Options.
  22. I maintain my View that Nifty might not breach the levels of 9000 this Expiry.
  23. Traders who are Expecting Breakouts , Breakdowns are getting Trapped in this kind of Market.
  24. This Market is not a chasing Market.
  25. Do not Pre assume that we will have a Breakout / Breakdown way before in your mind.
  26. This will trap you on the either side of the Range. Trade what Appears on your Trading Screen.
  27. This Market is a Market which is Favouring Risk - Reward brilliantly.
  28. So Taking Contra Bets near the Boundaries is the way ahead & if Breakdown / Breakout happen be Ready to turn your Positions.
  29. Bank Nifty will continue to Underperform the Nifty.
  30. Financials are in a severe Bear Market & they Remain to trade lower.
  31. Recommended SBI & Bajaj Finance for Shorting Opportunities few days before in a Blog and both are Trading near their 52 Weeks Lows CONSISTANTLY.


itsMysticalPoet said…
Now ur blogs are giving more value coz ur are suggesting us stocks also. Lots of good wishes to u sir

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 (16th June 2022)

U.S Markets closed higher Yesterday. Right now Dow futures are higher by 140 points. Asian markets are higher. SGX nifty is indicating a gap up opening. Yesterday as anticipated Fed increased the interest rates by 75 basis points. This is the largest increase since 1994. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%. How long will this relief rally go on is a big question. Our Markets were terrible yesterday. Everybody is shorting left , right and center. Yesterday all Put options premiums raised in last 30 mins. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs. Today we might get some short covering as we open and even head higher. 16000 should be a firm resistance for the day. I won't chase this gap up because when Market reverses it's with great speed. I'll look to short near 15950-15980 with a stoploss of 16020. In Bear markets the rallies sre quite ferocious but again markets make fresh lows. So remembe

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