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

Post a Comment

Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
Post a Comment
Read more

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low to the low for A
Post a Comment
Read more

Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20.  stockmarketadvisory.in
Post a Comment
Read more