Skip to main content

Pre - Market Analysis (29th June 2020)

  1. U.S Markets closed 3% lower on Friday.
  2. Asian Markets are Mixed with a Slight Negative Bias.
  3. SGX Nifty is down 60 Points and Trading near 10270 as of now.
  4. Reason for a big Fall in U.S Markets was because the FED placed restrictions on buy back for U.S Companies.
  5. All the Banks fell in U.S Markets.
  6. Nifty Futures & Bank Nifty Futures are Trading at Big Discounts which Indicates big short positions been created.
  7. Markets are highly Volatile and Trading with naked options is a suicide in this kind of Market.
  8. Important Data to look at this Thursday is the U.S Jobs Data.
  9. FII's were net sellers on Friday and DII's were net Buyers.
  10. FII's have big Short Positions in Stocks , more than 70% short Positions but have 41% Long Positions in Indices.
  11. Given an ITC Earnings Trade on my WhatsApp and holding it till now.
  12. ITC results were average and not that Great.
  13. Let's see how the Stock performs today.
  14. 10,000 is going to be a strong support on Nifty and 10500 a strong Resistance.
  15. Unless and until any Fresh triggers or news is announced Expecting Markets to trade within this Range for this Expiry.
  16. Have Initiated a Bear Put Spread and Bearish Ratio Spread on Friday.
  17. Bought 10300 PE & Sold 10200 PE.
  18. Bought 10200 PE , Sold 10000 PE & 9850 PE.
  19. All Weekly Expiry.
  20. Even if the Market goes higher there is nothing to Worry as I won't lose even a Single rupee.
  21. But if Markets go lower then my profitability starts.
  22. Banking Stocks might Underperform here also.
  23. Our Markets are now following Global Markets.
  24. We are just doing Photo copies and Xerox copies of U.S Markets here in our Markets.
  25. Nifty might Trade between 10180 to 10376 today.
  26. Bank Nifty might Underperform Nifty and in turn create pressure on Nifty.
  27. IT Stocks Rallied on Friday.
  28. They have been Underperforming whole of June so this was not surprising.


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

Pre - Market Analysis (16th June 2022)

U.S Markets closed higher Yesterday. Right now Dow futures are higher by 140 points. Asian markets are higher. SGX nifty is indicating a gap up opening. Yesterday as anticipated Fed increased the interest rates by 75 basis points. This is the largest increase since 1994. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%. How long will this relief rally go on is a big question. Our Markets were terrible yesterday. Everybody is shorting left , right and center. Yesterday all Put options premiums raised in last 30 mins. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs. Today we might get some short covering as we open and even head higher. 16000 should be a firm resistance for the day. I won't chase this gap up because when Market reverses it's with great speed. I'll look to short near 15950-15980 with a stoploss of 16020. In Bear markets the rallies sre quite ferocious but again markets make fresh lows. So remembe

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