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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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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