Skip to main content

Pre - Market Analysis (27th July 2020)

  1. U.S Markets were down 0.5% on Friday but now Dow Futures are Trading higher by 0.5%.
  2. Asian Markets are Mindly Positive.
  3. Also Asian Markets are not reacting to U.S Markets
  4. SGX Nifty is Trading near 11210.
  5. On Friday there was a gap down of more than 100 Points on Nifty and Bank Nifty was down 500 Points at one time.
  6. But Markets recovered Sharply from there on & closed near the highs of the day.
  7. This shows that the Bulks are in control of things now.
  8. FII's have been Contineously buying and as long as they buy markets cannot go down much lower.
  9. Another stock which is not looking to stop is Reliance.
  10. Everybody is waiting for a correction in Reliance but there has been no Opportunity.
  11. Everyday it is Witnessing new highs.
  12. 11050 to 11250 is the short term range for Nifty Currently.
  13. Once 11000 is broken we will get sharp towards Downside or if 11300 is taken out we might Witness sharp Momentum on the Upside.
  14. Until then Markets will just move within this range.
  15. ICICI Banks results were announced over the Weekend and the results look good.
  16. Asset Quality has improved Significantly.
  17. Interesting to see how this stock performs today.
  18. ITC also has come out with above average results.
  19. Generally , in Monthly Expirys , Big moves come in 2nd half of Tuesday.
  20. I would be waiting for that Big move to come in to Trade into.
  21. Until then it should be fairly Rangebound Market.
  22. Trend is Positive so it is a buy on dip market until 11000 is broken.
  23. Nifty might Trade between 11140 to 11300 today.
  24. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
Post a Comment
Read more

Finale Expiry Week (19th May 2023)

1. U.S Markets closed  higher yesterday.  2  Right now , Dow Futures are slightly higher. 3. SGX Nifty is higher by 40-50 Points. 4. Asian Markets are higher. 5. Yesterday was a strange trading day. 6. I say strange because SGX Nifty pre market was showing 30-40 point gap up opening. 7. Nifty opened around 120 points higher. 8. This was a huge gap up out of nowhere. 9. So naturally it was an excellent shorting opportunity.  10. The Volatility again yesterday was super high. 11. Nifty tested the previous day low of 18100 once again yesterday.  12. There was an intense selling during the last 30 minutes yesterday.  13. Surprisingly,  INDIA VIX hasn't inched higher in last 3 days of extreme sell off. 14. This shows that there is lesser panic in the markets right now.  15. Currently,  we have a good risk - reward trade opening up on Nifty. 16. 18100 looks as a double bottom being made on Nifty for the short term. 17. There are fever indications for the same  18. One could g
Post a Comment
Read more

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack
Post a Comment
Read more