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Pre - Market Analysis (23rd September 2020)

  1. US markets stabilised Yesterday.
  2. Closed in Green , though not a big rally but stabilisation is a good outcome.
  3. Asian Markets are mostly flat.
  4. SGX Nifty is also flat.
  5. Markets this week and highly Volatile.
  6. Within seconds , the Positions have been changing.
  7. Trading in this Market without a Pre determined plan and Stoploss can kill a Trader.
  8. So better to follow these rules while Trading or stay away from Trading in such heavy Volatility.
  9. 11200 was a major support for Nifty and it got taken out Yesterday.
  10. Infact we closed below 11200 on Nifty Yesterday.
  11. 21000 is a major support for Bank Nifty & that was also breached Yesterday which is not a good sign.
  12. We are clearly on a sell on rally market now.
  13. Use every Pullback / rally to sell into this rally.
  14. I have been selling Call options of Banking stocks as I'm bearish about Bank Nifty.
  15. Markets have been irrational post March but sooner or later they have to come in line in Reality.
  16. That's what is happening currently.
  17. This is the time to book profits for those who haven't booked near 11700-11800 on Nifty.
  18. I adviced to book profits near this range for investors.
  19. FII's have been selling aggressively.
  20. DII's supporting by buying but not of high Amounts.
  21. India VIX was low Yesterday but Volatility was pretty high.
  22. Nifty might Trade between 11080-11320.


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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