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Pre - Market Analysis (5th August 2020)

  1. US markets closed higher Yesterday.
  2. Asian Markets are Mindly in Green.
  3. SGX Nifty is down by about 40 points.
  4. Yesterday our Markets have Rallied about 200 Points.
  5. Rally was mainly because of 2 stocks.
  6. Reliance and HDFC Bank.
  7. RBI Approval for New Chairman in HDFC Bank Triggered rally.
  8. Reliance was up 7% Yesterday Majorly due to Short covering and some deal wins news round the corner.
  9. Markets have taken support the Important level of 10850 which I mentioned in the previous blog.
  10. From there it has reversed significantly and Rallied by about 200+ Points.
  11. Expecting a bit of Stabilisation & Consolidation today.
  12. RBI Policy is due Tomorrow and that would be an Important event to watch out for.
  13. Yesterday Surprisingly FII's turned Buyers whereas DII's remain sellers.
  14. Bank Nifty has not Participated in the rally yet.
  15. Yesterday Majorly due to HDFC Bank there was a big rally in the Banking stocks.
  16. After this Big rally the Question is what more from here?
  17. I expect some Consolidation today ahead of Weekly Expiry.
  18. Short covering set in Yesterday , Markets have Rallied and was fine.
  19. Today Markets might Consolidate ahead of RBI Policy.
  20. Sold 10850 PE and 11250 CE Weekly Expiry.
  21. Expecting Markets to trade within this Range for the Expiry 
  22. Also VIX is now below 24 so Volatility is reducing with each passing day.
  23. Sold 20500,20000 Bank Nifty PE.
  24. All my Trades are of Weekly Expiry.
  25. Nifty might Trade between 10980-11140 today.


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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.