Skip to main content

Pre - Market Analysis (24th June 2020)


This is our Official Instagram Account now so request Everyone to follow it to stay Updated with the Market news.☝️

  1. US markets ended higher Yesterday.
  2. Nasdaq hit Fresh all time highs.
  3. Asian Markets are mostly positive.
  4. SGX Nifty is Trading flat around 10470.
  5. Yesterday I mentioned that if 10400 gets taken out 10500 will be Witnessed immediately.
  6. Last hour our Markets have given a big rally.
  7. Bank Nifty has given a Big Breakout above 22000.
  8. Market is firing on all Cylinders.
  9. Previously , everybody used to mention markets have Rallied because of Reliance , ICICi Bank and few selected stocks.
  10. But now even without help of Reliance markets are Rallying.
  11. The rally is so strong that Yesterday Markets gave you dip for some few seconds and then immediately races away.
  12. There are some people saying Nifty has Rallied so much now let's short it the Markets wont rally much.
  13. Trust me they will all be taken to cleaners.
  14. Once 10500 gets taken out the Targets for Nifty are 10700-11000 as well.
  15. The only thing about Stock Markets which is not guaranteed is time.
  16. Few small dips might come all will be buying Opportunities.
  17. Targets might come in few days or in few weeks but those Seem evident as of now.
  18. 10300 is a strong support for this Weekly Expiry and I dont think Markets will go below that zone.
  19. Bank Nifty 21500 is a strong support for this Expiry.
  20. There are huge shorts in Nifty near 10300-10400.
  21. Once they don't get follow through they will start to cover.
  22. Bank Nifty Futures and Nifty Futures were Trading at Discount Yesterday which indicate excessive short positions built.
  23. Sold 10000 ,10100,10200,10300 PE Yesterday.
  24. Sold 21000,20500,21300 Bank Nifty PE Yesterday.
  25. Reliance has not Participated in this rally from past 2 days , just imagine if Reliance starts to perform it can easily Contribute 40-50 Points for Nifty rally all by itself.
  26. Strong buy on dip market and every dips should be bought into.
  27. Quality Midcaps and small caps stocks have also started to Participate in the rally now.
  28. Nifty might Trade between 10400-10580 today.
  29. Consult your Financial Advisor and Trade on your own risk.
  30. stockmarketadvisory.in


Comments

SelfMade said…
Your blogs helps me to understand the market physiology
24 June 2020 at 08:48
Post a Comment

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
Post a Comment
Read more

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
Post a Comment
Read more

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso
Post a Comment
Read more