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Pre - Market Analysis (21st September 2020)

  1. US markets closed Negative on Friday.
  2. Asian Markets are mostly flat today.
  3. SGX Nifty is down 10 Points.
  4. Fridays are becoming highly Volatile now.
  5. I'm observing this from quite few weeks now.
  6. Bank Nifty collapsed more than 600 Points on Friday in less than 30 Minutes.
  7. I was Relaxing and preparing for the weekend😃 but this fall caught the attention.
  8. After due research there was a news found.
  9. There were some tensions at India Pakistan border due to which there was a fall in Major indices.
  10. Maybe due to this news there was a fall.
  11. But by the end of the day things stabilised a bit on Nifty while Bank Nifty continues to lag.
  12. IT Stocks and Reliance look good and are Supporting Nifty.
  13. Option sellers need to be very careful while reading in Monthly expiry contracts.
  14. Premiums are too low and the Vega (Volatility) effect is quite high.
  15. Better to sell Stock options or trade in next Month options.
  16. Markets make a 200-300 Point move on Monthly Expiries.
  17. Will look to play that move after confirmation.
  18. As of now there is no indication of that sorts.
  19. Presidential Elections in U.S.
  20. Corona Virus Cases topping everyday.
  21. More than 1 Lakh cases on a daily basis.
  22. Section 144 Imposed in Mumbai and Rajasthan.
  23. India has failed Miserably to deal with Corona Virus pandemic.
  24. While most of the countries have reduced the fear to a lot of extent but we are unable to control.
  25. Nifty might Trade between 11420-11580 today.


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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

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