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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 (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