Skip to main content

Pre - Market Analysis (20th July 2020)


  1. U.S Markets closed higher on Friday.
  2. Dow Futures is Mildly Negative now along with Asian Markets.
  3. SGX Nifty is Trading near 10900.
  4. On Friday our Markets closed 200 Points higher.
  5. Last hour on Friday , Nifty gained 80 Points and Closed above 10900.
  6. 10900 was the 200 DMA and that has been crossed now.
  7. I didn't expect Markets to go up so quick so fast.
  8. Many Option Sellers have been selling 11000,11100 calls and now they are likely to cover their positions and take Markets higher.
  9. Nifty is in a Strong Uptrend. Last week it Corrected a Maximum of 200 Points and never closed Below 10600.
  10. This shows that the strong Momentum is on the higher side.
  11. Previously , Reliance was holding up the Nifty but now IT Stocks have also joined the Party.
  12. On Friday , Oil & Gas Sector also rallied on the back of Divestment news by the Government.
  13. FII's were selling for the last week but on Friday they started buying.
  14. I have observed in the past , once they start to buy they Contineously keep buying.
  15. HDFC Bank came up with the results this Weekend.
  16. Results on the first look seemed Good.
  17. This Week is very important for this Quarter as many Index Heavyweights will come up with their Results
  18. Important Corporate results this week Monday 20th july - ACC
  19. Tuesday 21st July - Axis Bank, HUL, Bajaj finance, Bajaj finserve, HDFC life
  20. Wednesday 22nd July - L&T, Bajaj Auto, JSPL
  21. Thursday 23rd July - Biocon
  22. Friday 24th July - Reliance, ITC ,Asian Paints, Ambuja cements, Zee entertainment.
  23. Both the Indices Nifty & Bank Nifty gave weekly Breakouts on Friday.
  24. All the Factors Indicating that we are likely to have a fairly Bullish Week ahead.
  25. Corporate Results of Companies if come as per Expectations then Markets will rally.
  26. Bank Nifty is the Key index for this Week.
  27. Bank Nifty is significantly Outperforming the Nifty.
  28. If Bank Nifty has a good week and results are good I won't be Surprised to see a 400-500 point rally for Nifty this week itself.
  29. Trade for Intraday is to buy on dips closer to 10870-10830 with proper Stoploss.
  30. Markets are likely to surprise people on the upside.
  31. Nifty might Trade between 10830-11050 today .
  32. HDFC Bank will be in focus today after it's results & According to me it should keep Bank Nifty strong.
  33. Yes I know Corona Virus Cases increasing , Economy growth reducing.
  34. But as I always say Markets look the Future.
  35. Vaccine is on the way , Cases are at Peak and will reduce now.
  36. Ignore those who still give 5000-6000 targets on Nifty.
  37. Let them live in their Dreams and Fairyland.
  38. Focus on what your Screen shows you , Currently it shows Bullish from all sides.
  39. 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