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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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U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.