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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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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.