Skip to main content

Pre - Market Analysis (10th June 2020)

  1. U.S markets were down a percent Yesterday.
  2. U.S Markets broke the Streak of continue 6 days gain Yesterday.
  3. Asian Markets are mostly Negative.
  4. SGX Nifty is up 20 Points & Trading near 10100.
  5. Indian Markets are Trading very Volatile from last few days.
  6. VIX up more than 30 & generally when this happens we witness Volatile moves.
  7. Yesterday both longs and shorts made money if they bought at proper levels.
  8. Markets after gapping up & Rallying could not break 10300 & started to crash.
  9. The Range is 10000 to 10300 but between this Range it's highly Volatile.
  10. Reliance fell from 1620 to 1540 in 2 days which also Couldn't Stablilise the Markets.
  11. We are in a sort of Correction phase.
  12. Nifty correcting 200-300 Points from here is probable.
  13. One needs to be sitting on their Toes to trade in such Markets as Volatility is massive.
  14. You can either take Volatility as your Advantage or either it can wipe you out.
  15. Markets are awaiting for FOMC ( Federal Open Market Committee) meeting outcome in U.S
  16. Trump is the biggest Trader of the World😀 so he wouldnt like to do anything which is against Market liking.
  17. Trade remains the same for today as we were trading Yesterday.
  18. Just that today's range has been extended
  19. Range is from 10k to 10300 on Nifty.
  20. Take contra Trades nearer to the Boundaries.
  21. Bank Nifty range is 21500 to 20000.
  22. Option Premiums are very high due to rising VIX so option Buyers should be careful.
  23. Usually after a huge rally of 1200 Points Markets Consolidate trade Volatile and start a fresh move.
  24. This move either could be downwards or upwards.
  25. If Nifty breaks 10000 I would become Bearish.
  26. If Nifty Crosses 10300 I would become Bullish.
  27. Those who cannot handle such Volatility and are not skilled to trade in this range can wait for Breakout / Breakdown.
  28. Nifty is likely to trade between 10000 to 10200.


Popular posts from this blog

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is

Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

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