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Pre - Market Analysis (7th August 2020)

  1.  U S Markets closed higher Yesterday.
  2. Asian Markets are Positive.
  3. SGX Nifty is down by about 20 Points.
  4. U.S Markets are just a percent away from new highs.
  5. This is Clearly a Standout.
  6. In the Month of March Markets were crashing but they have recovered with a faster pace.
  7. U.S Jobs data is an Important event to watch out for today.
  8. Also a Big STIMULUS is around the Corner in U.S.
  9. This will have a major impact on the Markets.
  10. This Year there is U.S Elections & Trump will not let Markets fall.
  11. If U.S Markets don't fall we don't fall.
  12. We don't go up in the same pace as U.S Markets because we have our local issues like banks etc.
  13. We should head higher Slowly.
  14. There was a heavy Volatility Yesterday.
  15. Bank Nifty at one point was 400 Point higher and the entire rally was sold into within minutes.
  16. This shows that the Banking index and stocks is the Weakest link in this Market.
  17. Nifty will continue to Outperform as Nifty is married to Global Markets.
  18. Last 2 Expirys Nifty has been Trading in a range of 10900-11300.
  19. The lower range has again come to 11k and upper range is around 11300 now.
  20. Expecting this range to Continue today as well.
  21. If U.S Jobs data are good then we may break 11300 and head towards 11500.
  22. RBI Policy was on expected lines and there are no Negative Surprises on that front.
  23. India VIx fell below 23 which is a good sign.
  24. Nifty might Trade between 11020 to 11160 today.


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Pre - Market Analysis (13th October 2022)

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.