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Pre - Market Analysis (18th September 2020)

  1. US markets closed lower Yesterday.
  2. Asian Matkets are Flat with a Negative Bias.
  3. SGX Nifty is very Flat.
  4. Markets have been Highly Volatile for quite some time now.
  5. Yesterday Expiry was also the same.
  6. Directionless markets with high Volatility.
  7. Plus SEBI rules creating panic & volume changes in the Exchange.
  8. Traders should be very Cautious while dealing with such type of markets.
  9. Hedging is a must.
  10. The simple Strategy to Trade in such markets is to buy gap downs and sell gap downs.
  11. Buy Drawdowns and sell rallies.
  12. Because I do not expect the Markets to go very high from here nor expect it to crash a lot.
  13. Bank Nifty is still very weak and has not witnessed any recovery.
  14. It still seems to be a laggard.
  15. FIIs and DIIs both were net sellers in Cash market yesterday.
  16. DIIs have sold for more than 1000 crores.
  17. Now this is a big Number.
  18. Monthly Expiries can be even more Volatile & then some trending move might be witnessed by Tuesday Afternoon.
  19. Nobody knows what will happen , let's see.
  20. HDFC Bank is showing strength but all the Remaining PSU stocks look very weak.
  21. IT & Reliance continue to be the Pillars of the Market.
  22. I'm neither a Bull nor a bear as of now.
  23. I'm taking non Directionless bets with hedge.
  24. Will become a direction trader when Market gives me such indication.
  25. Nifty might Trade between 11460 to 11620 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.