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Pre - Market Analysis (13th August 2020)

  1. US markets closed at all time highs Yesterday.
  2. Asian Markets are Mildly Negative.
  3. SGX Nifty is down 20 Points.
  4. Yesterday , GDP numbers in U.S were negative and dropped by more than 20% which Points a recession out there.
  5. Markets are Ignoring all these news and are racing ahead.
  6. Markets & Economy are 2 Different things.
  7. Index is filled with Quality Heavyweight stocks and they perform well in bad times.
  8. So Economy might Seem bad but Markets might go higher.
  9. India VIX is below 21 now.
  10. Premiums are very low now.
  11. Sold 11400 CE &11200 PE at ₹20 each. (Today Expiry).
  12. Both closed at 13 and now Expecting both to open at single Digits .
  13. A good news for the Bulls is Bank Nifty is Beginning to perform.
  14. Bank Nifty has Sustained above 22k and is slowly gaining momentum.
  15. But commenting anything about Bank Nifty is not at all Possible.
  16. It has the Power to move 1000 Points in a day.
  17. FII's were net Buyers Yesterday but DII's figure continue to be Negative.
  18. Last 2 Expirys markets have been Very Volatile and specially Nifty and Bank Nifty is giving moves more than a Percent in few minutes.
  19. Option Writers should keep this in mind and start booking profits as they come rather than waiting for the options to expire at ZERO.
  20. Option writers, including me want the option to expire worthless till 3.30 pm.
  21. But better to keep booking profits rather than waiting till 3.30 as moves can be high Volatile.
  22. Nifty might Trade between 11240 to 11380 today.


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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