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Pre - Market Analysis (18th August 2020)

  1. US markets ended flat. U.S Markets have been Consolidating from last week.
  2. Asian markets are also Flat.
  3. SGX Nifty is now flat near 11270.
  4. Yesterday I mentioned that Friday yas just a shake off and the Trend would bail us out.
  5. Yesterday Markets Consolidated until 3 pm.
  6. Bears tried their best to pull Markets Lower but Couldn't.
  7. Finally in last 30 mins we Witnessed a good short covering.
  8. August Month has been a Month of Consolidation.
  9. Nifty has been Moving all over the place but mean is about 11200.
  10. Expecting Markets to Consolidate with a big Positive Bias.
  11. Reliance Underperformed Yesterday and in Spite of that Nifty closed 0.5% higher.
  12. This shows that Broader markets have also started to perform.
  13. Midcaps have been Outperforming since the March crash.
  14. Small caps too have been in a league of their own.
  15. Underperformer in this Market is Bank Nifty.
  16. Nifty is just 7-8% from all time highs.
  17. But Bank Nifty is more than 50% away from it's all time highs.
  18. HDFC Bank after Aditya Puri stake sale has been Underperforming significantly.
  19. This is still a buy on dip Market.
  20. There is a time to buy , time to sell and time to do nothing.
  21. Now is the time to buy on dips.
  22. Nifty might trade between 11180-11360 today.


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Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t