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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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Nifty hits 17k (15th March 2023)

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SVB Bank crisis Unfolds (13th March 2023)

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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like