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Pre - Market Analysis (12th August 2020)

  1. US markets closed Lower after 7 days of Outperformance.
  2. This must be a Normal Profit booking as they hit Fresh all time highs Yesterday.
  3. Asian Markets are mostly lower.
  4. SGX Nifty is down 100+ Points.
  5. Previous Metals like Gold Silver were all down Yesterday.
  6. Gold was down 5% and silver was down 12%.
  7. It's Amazing how one Night can change total set up.
  8. But still I feel that Trends do not change in one day.
  9. Our trend is Bullish and every dip is buying Opportunity till the Trend bends.
  10. Markets have been Moving very Volatile between 11100 & 11400 and expiring near 11200.
  11. 11200 seems to be the mean for Markets now.
  12. Markets going everywhere but coming back to 11200.
  13. Yesterdays upmove was Majorly because of Bank Nifty & Reliance.
  14. Reliance reversed back from lower end of it's range of 2100.
  15. Markets recovered from there after touching to 11300 Yesterday.
  16. Markets will give these moves and keep bears active and Eventually trap them.
  17. So the best idea is to follow the Trend and build positions with the Trend.
  18. Going against the Trend way too early can make you Bankrupt.
  19. ITC also Supported the Markets Yesterday.
  20. IIP Data was better than Previous Months IIP Data.
  21. FIIs were net Buyers Yesterday and DII's were net sellers.
  22. No big change out there .
  23. Nifty might Trade between 11180-11340 today.
  24. Market will be highly Volatile today and generally wednesday is high Volatile day.


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SVB Bank crisis Unfolds (13th March 2023)

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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like