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Pre - Market Analysis (10th August 2020)

  1. US markets ended flat on Friday.
  2. Asian markets are also Flat.
  3. SGX Nifty is Trading around 11200.
  4. From last 2 weeks Markets have been Trading within a fixed range.
  5. Downside level is around 10900 & on the upper side it's around 11250.
  6. Within this 350 point Range Markets have been very Volatile and are giving big Swings.
  7. Big move is expected only after this range breaks.
  8. Either on the Upside or Downside we can expect big Moves.
  9. Today is a very major event lined up for our Markets .
  10. Supreme Court AGR Case event.
  11. This event was Postponed since few Months but today we might get final hearing.
  12. This event is important as few banks are also involved in it .
  13. Bank Nifty has about 20-25% weight in Nifty so this should be kept in mind.
  14. Markets are likely to be highly Volatile today.
  15. With VIX falling in last few days there was hardly any scope for Short Straddle.
  16. Today if VIX rises I Might take a short Straddle of 11200 Nifty August Expiry.
  17. Another Important event today is Titan Results .
  18. Many Credit Rating Agencies and Brokerages have downgraded Reliance.
  19. Some have even given a target of ₹1300 and is Totally illogical.
  20. Reason is simple , they want to Manipulate prices and want to buy it lower for their clients.
  21. Pharma Shares have come up with good Results over the Weekend.
  22. So Pharma theme may continue to play out.
  23. Nifty might Trade between 11120-11280.


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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.