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Pre - Market Analysis (6th August 2020)

  1. US markets closed higher Yesterday.
  2. S&P 500 is just a percent away from it's all time highs.
  3. We are almost 1000 Points away from all time highs.
  4. Asian markets are mixed.
  5. SGX Nifty is totally flat.
  6. Yesterday, our markets were highly volatile.
  7. Wednesdays are typically very high volatile days.
  8. After a big Gap up Yesterday Markets Witnessed big selling pressure.
  9. After that it Traded flat for the whole day.
  10. As Expected Yesterday Markets Consolidated for almost the whole day.
  11. Reliance also Witnessed big profit booking after touching it's fresh all time highs.
  12. Markets will be closely tracking Lupin results today.
  13. But most important is RBI policy at 11.30 AM.
  14. Markets are speculating as to what is RBI trying to come up with today.
  15. Will RBI extend Moratorium? Will RBI cut interest rates? Etc etc.
  16. Talk of the Town is RBI Policy.
  17. Interest rates are already very low and it seems less probable to reduce them more .
  18. Moratorium if extended can break the back of the Banks.
  19. RBI has a history of Surprising everybody and coming up with Something unexpected.
  20. I will square off all my Positions before 10 AM today as events can create big Volatility.
  21. Specially on the days of Expiry 
  22. Nifty might Trade between 11000 to 11300 as the Key event is ahead of us.
  23. Intraday Option writing should be avoided 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.