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Pre - Market Analysis (25th August 2020)

  1. U.S Markets were up 1.4% Yesterday.
  2. Global Markets are touching fresh highs almost on daily basis.
  3. Asian Markets are Positive.
  4. SGX Nifty is Trading near 11500.
  5. Yesterday I mentioned that my view was Bearish but it went wrong.
  6.  Nifty however took Resistance near 11500 but it's a matter of time till it breaks out.
  7. I have changed my view to Bullish during the day Yesterday.
  8. A Trader should know when to change views and not be stubborn to keep Trading based on the same old Practice.
  9. Bank Nifty is carrying Nifty & Building Strength in the Markets.
  10. FII's were Net Buyers Yesterday & DII's were Net Sellers.
  11. Everybody is wondering what's taking this market higher.
  12. Economy not doing well , Businesses not Performing well due to Lockdown.
  13. So why are Markets going higher.
  14. I have answered this in my Q&A Session done this weekend.
  15. Reason is Interest Rates which is leading to big Liquidity in Stock Markets.
  16. Bank Interest rates have been lowered.
  17. Fixed Deposit interest rates are less than 4% in India.
  18. In U.S there is Zero percent interest rate for Savings and Fixed Deposit.
  19. Gold is at life time high.
  20. Month of March heavy money went into Gold.
  21. Now there Profit Booking started and money is flowing into Equities.
  22. Retail Participants those who missed Nifty near 7500 a FOMO ( Fear of Missing Out) has been creaping in.
  23. So fresh money is also getting added into Markets.
  24. This seems like a Xerox Copy of the year 2017.
  25. In 2017 Midcaps and Smallcaps gave a return of more than 50%.
  26. Nifty return was 30% and a huge Euphoria was created.
  27. Then we Witnessed Bear Markets for 2-3 Years.
  28. We are exactly going through Bull Phase now and it will last longer than you think.
  29. Once 11500 breaks the target is 11600 on Nifty.
  30. Sometimes rather than Overthinking it's just better to go with the Market.
  31. Nifty might Trade between 11420 to 11580 today.


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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.