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Pre - Market Analysis (11th August 2020)

  1. US markets were Consolidating.
  2. Asian Markets are Positive.
  3. SGX Nifty is up 70 points.
  4. Markets broke out of 11300 Yesterday but due to Postponement again in Supreme Court Verdict profit booking came.
  5. Today again we are going to open above 11300.
  6. Bank Nifty is going to open above 22k.
  7. What's more important is follow through.
  8. Once we get follow through above these levels the target for Nifty is 11500.
  9. Im selling Put Options Aggressively.
  10. Every dip is a buying Opportunity.
  11. This is a Bull Market rally which is confusing many people.
  12. But sometimes the best way is to not to think much and follow markets.
  13. Markets will give us a sign when they start reversing.
  14. Until then it's better to stay with the Trend and follow it.
  15. Titan results were not upto Street Expectations and were poor.
  16. Axis Bank and ICICI Bank have done QIP and raised money.
  17. Whether markets take it as positive or Negative is to be seen today.
  18. Supreme Court Verdict is likely to become a Non Event now after so much delay and Postponement.
  19. Markets will trade according to Global Markets now.
  20. FII's were net Buyers Yesterday and DII's were net sellers.
  21. Nifty might trade between 11240 to 11400.


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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