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Pre - Market Analysis (9th September 2020)

  1. U.S Markets fell 3% Yesterday.
  2. Asian Markets are mostly trading Negative.
  3. SGX Nifty is Trading near 11280.
  4. Nasdaq has fallen more than 11% in last 3 Trading sessions.
  5. Nasdaq is Technology companies index in U.S
  6. Technology stocks are getting beaten up abroad.
  7. Tesla which became 5X since March is Underperforming.
  8. Let's come to our Markets now.
  9. India China border issues going on & Yesterday indian Border forces have issued some official Statement.
  10. Corona Virus Cases are continuing to peak up.
  11. Government is slowly opening up the Economy now.
  12. GDP Growth rate was -24% (Negative)
  13. Media won't show you this , later on when GDP comes in Positive Govt will come and take credit.
  14. The point is it is so low now & with Opening up of economy , the Growth rate is bound to increase.
  15. Banking stocks case is going on in Supreme court for interest waiver.
  16. This is keeping Bank Nifty under pressure.
  17. Bank NIFTY rallied in August End but now has given up most of the gains.
  18. Yesterday too markets were Trading in 80% of Trading session but last hour they fell apart.
  19. This Market is looking very weak & a correction seems overdue now.
  20. I will not buy in this Market.
  21. I will just look at rallies to sell more.
  22. Important is to follow the Trend to make big money.
  23. Nifty might Trade between 11180-11350.


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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