Skip to main content

Pre - Market Analysis (9th June 2020)


  1. U.S Markets closed a Percent higher Yesterday.
  2. Asian Markets are Mixed with a Positive Bias.
  3. SGX Nifty is up 40 Points and Trading near 10220.
  4. U.S Markets are Nasdaq are now Trading near their all time high.
  5. Yesterday Nifty Witnessed a big Gap up at the open & was Consolidating for the first half but soon the selling resumed.
  6. It was not severe kind of selling which changes the Trend.
  7. It was just a minor profit booking.
  8. The Trend of the Market is still Positive but we may not go higher with the pace as we have done before.
  9. This will be a calm and collective upward journey and one needs to be very patient to ride it.
  10. After a huge rally of Nearly 1200 Points in about a week we are just Consolidating, buliding a base for a fresh rally.
  11. Corrections like Yesterday are important and keep the Market healthy.
  12. Markets should never go up or come down in a Straight line.
  13. FII's were net Buyers Yesterday but DII's were net sellers.
  14. DII's are Witnessing profit booking since a couple of days and FII's not Stopping to pump in money.
  15. There is a clash between these two so there is Indecisiveness in the Markets.
  16. Titan came out with good Results Yesterday as it were better than Street Expectations.
  17. PVR reported a ₹ 77 crore loss for it's first quarter.
  18. Hero Moto Corp is coming up with it's results today and it is going to be a decider for Auto Stocks.
  19. The Broader range for the Nifty is 10000 to 10350.
  20. Nifty is likely to trade within this Range for this Expiry.
  21. Even if this Range breaks high chances are breaking on the Upside.
  22. Yesterday selling pressure was Witnessed in the Markets due to selling pressure in Index heavyweights.
  23. ITC , HDFC Bank & Reliance dragged the Markets lower.
  24. Once Reliance Crosses it's all high of 1618 it can push the Nifty higher for a Breakout.
  25. So my View for the Markets remains of "Consolidation" with a Positive Bias.
  26. Corrections like Yesterday raise questions in Traders mind that has the Trend changed?
  27. It gets weak shorts into the System and Eventually they are trapped.
  28. Mentioned Yesterday that Bank Nifty will Outperform and it will continue to Outperform the Nifty.
  29. IT Stocks are showing good strength and they can be looked for Intraday basis.
  30. Intraday the Trade is to sell near 10300 with a Stoploss of 10350 and buy near 10100 with a Stoploss of 50 Points and play for Reversal.
  31. Positional / Short term Traders the trade is to keep buying Call Options on every dip and keep building positions on the Upside with a Stoploss of 10k.
  32. stockmarketadvisory.in

Comments

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