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Pre - Market Analysis (13th November 2020)

  1. US markets witnessed some Profit booking Yesterday.
  2. Fed Chairman Mr. Powell pointed out Yesterday that economy outlook in Uncertain.
  3. This is due to Corona Virus cases surging at its peak in U.S
  4. Vaccine news is not quite a big news.
  5. It has come to know that Vaccine requires Minus 70 Degrees temperature to be stored.
  6. Which is quite difficult in Indian Environment.
  7. Pfizer management also sold 2% stake after the Vaccine news.
  8. This gives a Negative hint to the Markets.
  9. One Strategy I'm applying is whenever there is Vaccine news & Markets are rallying.
  10. I'm selling the same.
  11. Vaccine with 100% tested results according to me isn't possible for at least 2 years from today.
  12. I've done a lot of research on this and it's strictly my view.
  13. Remember few months before, Moderna promoters also sold just after their announcement of Vaccine.
  14. So this news is just to make their respective share prices rise by making fool out of people.
  15. SGX Nifty is down by 80 Points.
  16. Markets are in a Consolidation phase and are likely to continue for this week expiry too.
  17. Yesterday also there was Consolidation but with high Volatility.
  18. Monday is holiday so we have 9 trading Sessions.
  19. Tomorrow we have muhurat trading session but it can be ignored as it's only for an hour.
  20. If any Big move has to come it will come in Monthly expiry week.
  21. This expiry week Markets are likely to consolidate in 200-300 Point range.
  22. I've started to book profits in my Long term Investment Portfolio in some companies.
  23. Will re enter at correction.
  24. Nifty might Trade between 12560-12740 today.


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Pre - Market Analysis (18th April 2022)

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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