Skip to main content

Pre - Market Analysis (28th July 2020)


  1. US markets closed higher Yesterday & Dow Futures are also Trading Positive.
  2. SGX Nifty is Trading around 11170.
  3. Asian Markets are Slightly Positive.
  4. Bank Nifty Fell more than 800 Points Yesterday.
  5. Reason was due to RBI Governer Statement on Banks.
  6. Also HDFC Bank have their own issues.
  7. HDFC Bank EX Chairman Aditya Puri has sold his entire stake of HDFC Bank shares.
  8. So this gave a Negative sentiment to the bank.
  9. Bank Nifty was down more than 3% Yesterday but Nifty hardly fell about 0.7%
  10. Reason was due to few shares like Reliance & IT Stocks.
  11. These stocks are holding up the Market as of now.
  12. Reliance and IT Stocks are Trading near their lifetime highs.
  13. As Expected Yesterday Nifty has been Trading within a tight range between 11070 to 11230.
  14. Once either side of the Range breaks we can expect some big move.
  15. Bank Nifty will continue to Underperform and will be the laggard.
  16. Trend is Bullish but the Participation is very low as of now.
  17. As it still remains a buy on dip market until 11000 is broken on the Downside .
  18. FII's & DII's were net sellers Yesterday and have sold Heavily in the Market.
  19. I have sold Bank Nifty 23000 & 23500 CE Yesterday and hedged it with buying 25000 CE.
  20. Not Expecting Bank Nifty to Sustain above 22500 this Expiry 
  21. Waiting for a Big move either side to enter on Nifty.
  22. Also sold some Call Options for Banking Stocks Yesterday.
  23. As 3 days only are left for Expiry the Theta decay will be very fast.
  24. Nifty might Trade between 11080 to 11240 today.
  25. stockmarketadvisory.in

Comments

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 (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday.  8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday.  10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility.  13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday.  18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday.  20. So clearly there was valuation over hang which is gettin

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke