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Pre - Market Report (4th May 2020)

  1. April Expiry closed on an Optimistic note and we Witnessed series highs on both Nifty & Bank Nifty.
  2. U.S Markets were down 2% each on Thursday & Friday.
  3. Indian Markets were closed on Friday due to Maharashtra Day.
  4. Asian Markets are also Negative.
  5. U.S Futures are also Trading Negative since Morning.
  6. SGX Nifty is down more than 500 Points.
  7. Due to the lock down for entire month of April, Auto companies have declared zero sales.
  8. Our Government needs to Balance the Lockdown will Partial opening up of Economy Slowly as our Economy is in a total mess.
  9. U.S has openly announced that they would like to Investigate China Labs to check if they have Purposely spread the Corona Virus.
  10. All the Countries are in Support of U.S but China is Denting the same.
  11. Possibility of Global Tariffs , Trade Wars may also open & Economy may slow down further.
  12. Lockdown in India has been Extended by 2 more Weeks.
  13. Partial opening up of the Economy is being Witnessed but frightening part is Corona Virus Cases have been increasing rapidly due to the same.
  14. If Corona Virus Cases are in control, then Govt will be inclined to open the Economy in more areas.
  15. If Corona Virus Cases increase, then even the opened areas may be locked down again.
  16. Reliance declared results over the Weekend and the results were Mixed. 
  17. Rights issue around the price band of ₹1250 per share has been announced by Reliance. Need to see how Market takes this into Perspective.
  18. Expecting May Series to be highly Volatile and VIX could go higher to 40-50 levels again.
  19. FII's are holding more than 57% long Positions in Index Futures but the Long Positions in Equity Futures is less than 40%.
  20. They are buying the Indices but selling Individual Stocks.
  21. 9400 is the Immediate Support of Nifty.
  22. Then we have Supports in a gap of 200 points each.
  23. 9400 , 9200,9000,8800 etc.
  24. Chances of Markets hitting lower Circuit today are less likely.
  25. Interesting Observation which I would like to share is Markets are almost opening with a large gap up or gap down almost on a daily basis.
  26. After such Gap openings market consolidates in a small Range.
  27. Big Moves are not Witnessed after Market opens.
  28. Today as well Nifty might Consolidate in a Narrow Range for the first half of the Trading Session.
  29. Will not be Exploring any Trades in the first half of the Trading Session.
  30. Will be Waiting for Opportunity in the second half to enter if there is any.
  31. If I do not get a Trending move in my Favour I wont do anything.
  32. Giving an Intraday range in these Volatile Markets isnt Possible.
  33. This Expiry Range for Nifty could be between 8750-9900.
  34. 10000 is a big Resistance on Nifty now.


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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