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

Post a Comment

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
Post a Comment
Read more

Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t
Post a Comment
Read more

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso
Post a Comment
Read more