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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 (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se