Skip to main content

Pre - Market Report (2nd June 2020)

  1. US markets closed 0.5% higher Yesterday.
  2. Asian markets are mostly Positive.
  3. U.S Futures are down after Trump Announcements for deploying more forces to control the Protestors.
  4. SGX Nifty is higher by 30 Points and Trading near 9800.
  5. This has been a big rally for our Markets.
  6. Nifty is up 10% in last 3 days and Bank Nifty is up 17% for the same period.
  7. Yesterday at one point, call options were trading at 1400% premium .
  8. India VIX too inched higher Yesterday.
  9. Still there are some people saying me that they are Shorting the Market on every rally.
  10. They will keep shorting until they go Bankrupt.
  11. From Centuries , people have been saying to follow the Trend.
  12. Trend is very very clear & thats on the upside.
  13. So please don't follow your OPINIONS.
  14. Follow the Trend.
  15. Earlier Nifty tested 10000 twice, so it is a double top.
  16. 10,000 should act as a Resistance for Nifty.
  17. The reason for this rally is big FII's buying.
  18. FII's sold more than 15,000 crore in the Month of May.
  19. In the Month end for May , they started buying and have bought more than 7000 crore in 4 trading Sessions.
  20. Moodys downgraded India rating Yesterday and again people are Expecting markets to crash due to this.
  21. Credit Ratings now a days should be thrown in dustbin. It's of no use at all. 
  22. 9700 should act as a good buying zone for Intraday basis.
  23. If by any reason you get dips closer to that level you should latch on to them.
  24. In Trending Markets if you see a big Candle against the Trend thats a great risk reward trade.
  25. If 10,000 is taken out we can witness 10200-10500 in coming weeks.
  26. Reliance was a long term Suggestion from my side around a month ago.
  27. Those who Regularly read my Blogs should know this and was Suggestion near 1400.
  28. Now it's already up almost 10% in less than a week.
  29. Once Reliance crosses 1600-1650 levels it will keep flying higher.
  30. Must have stock in your Portfolio.
  31. Trade remains to buy on dips closer to 9700 for Intraday.
  32. For Swing Traders the Stoploss should be 9500 and keep building long positions on every dip & be patient for a Breakout to happen.
  33. Markets are likely to Breakout on the Upside in coming weeks.
  34. After this big rally Expecting markets to take breath and consolidate for a few trading Sessions.
  35. 9680 - 9980 should be that Consolidating range.
  36. Financials have bottomed out and will now witness huge short covering rallies.


Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo

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