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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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U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.