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 - 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 (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.