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Pre - Market Analysis (4th September 2020)

  1. US markets were down 3% Yesterday.
  2. Nasdaq crashed more than 5%.
  3. People are considering it as profit booking .
  4. Is it profit booking or Trend reversal , time will say.
  5. Markets goes up very slowly but the downside is too fast and surprising.
  6. SGX Nifty is down 150 Points.
  7. Bank Nifty has already Underperform for whole of this series.
  8. It was up 2000 Points once but again back to Normalcy.
  9. Today can be a Black Friday for our Markets.
  10. This Liquidity driven rally which wasnt backed by Fundamentals should have. Ended at some point.
  11. Now do not go and chase the dip blindly.
  12. It's not like before that every dip will be bought.
  13. Now try to focus on sell on rallies type.
  14. Because clearly markets have been facing resistance on higher side.
  15. Yesterday Nifty was down hardly 20-30 points.
  16. But Bank Nifty was down more than a percent.
  17. It is looking very weak.
  18. Today U.S jobs data is a very important number to track.
  19. Just a word of caution do not go and buy the dip now.
  20. We do not know how far the dip might keep dipping.
  21. Look to sell on rally.
  22. Nifty might trade between 11320 to 11480.


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U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.