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Pre - Market Report (19th May 2020)

  1. U.S Markets closed 3% Positive Yesterday.
  2. Asian Markets are also Mostly Positive.
  3. SGX Nifty is Trading near 9000.
  4. The Reason of this Global Market rally is because Moderna Inc. a Bio Technology company declared that its Vaccine has got positive results in Corona Virus testing for earlier Stages.
  5. Yesterday all the World Markets were positive but our Markets Crashed 3%.
  6. Bank Nifty was even worse and crashed 6.5%.
  7. The Bluest of Bluechip Stocks were taken to cleaners Yesterday with huge selling pressure.
  8. NBFC stocks Crashed by more than 15%.
  9. FII'S and DII's were net sellers Yesterday and have sold more ₹2500 Crores combined.
  10. Clearly the Markets havent liked the Economic STIMULUS Package announced by the Government.
  11. The reaction was ferocious and was Clearly visible Yesterday.
  12. There was huge Volatility Yesterday and Option Premiums were Trading at high Premiums.
  13. India VIX shot up 9% Yesterday.
  14. U.S VIX fell 10% Yesterday and is now below 30.
  15. Markets are likely to Consolidate today and Nifty might again enter the range of 9000 to 9500.
  16. Bank Nifty seems to be the Weakest of the Two Indices.
  17. 8780 is a Good Support for Nifty and it found Support near those levels Yesterday.
  18. If this level breaks then we might Witness 8650 very easily.
  19. If Markets go into the 9000-9500 range , spends time and consolidates then we might some short covering as well.
  20. Bajaj Finance is coming up with it's results today.
  21. Nifty might Trade between 8900 to 9070 today.


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Pre - Market Analysis (18th April 2022)

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Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se