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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 August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso