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Pre - Market Analysis (30th June 2020)

  1. U.S Markets closed Positive Yesterday.
  2. Asian Markets are also Mixed with a Positive Bias.
  3. SGX Nifty is up 50 Points.
  4. We are in a Market with no follow through.
  5. This is a Swinging Market.
  6. Swinging Market is one in which Market goes to the top end of range or bottom end of the Range.
  7. People Start Prediciting a big Breakout or Breakdown but Market reverses immediately.
  8. This is a Market to trade on reversals.
  9. This is not a Market to trade for follow Through.
  10. PM Modi to Address the Nation at 4 pm today.
  11. When MODIJI comes at 8 pm , there is a big news.
  12. When MODIJI comes at Morning there is a bit of Encouragement speech from their side.
  13. Now the time is 4 pm , my Gut feeling is MODIJI would be speaking about Corona Virus & Lockdown.
  14. But most importantly , speaking about Boycotting China.
  15. Large Number of Youths use China Apps so the Gut feeling is a talk on that front.
  16. FII's were net sellers Yesterday but DII's are supporting our Markets.
  17. DII's were net Buyers Yesterday.
  18. 10200 to 10500 is the Range in which Nifty is Trading for quite some time now.
  19. Nifty was Unable to 10200 and it has tested this level twice now.
  20. Same Applies for the level of 10500.
  21. I will take Directional bets once any of this gets breached .
  22. Until then the idea is to be a Mean Reversion Trader.
  23. Markets have been Consolidating within this Range now for more than a week.
  24. Expecting some kind of range Expansion soon.
  25. This Market is a strong market and rewarding Contra Traders.
  26. Nifty & Bank Nifty Futures both Trading at a very Significant Discount.
  27. If follow through comes then there will be a room for big Short Covering also.
  28. Banking Stocks might Outperform today as HDFC Bank is coming up with fund raising and looking strong.
  29. Nifty might Trade between 10240 to 10380.


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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