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Pre - Market Analysis (17th November 2020)

  1. US markets closed around a Percent higher Yesterday.
  2. Asian Markets are all Trading higher.
  3. SGX Nifty hit a high of 12930 Yesterday but now trading near 12880.
  4. Moderna announced that their vaccine is effective 94.5%.
  5. There is a race going on between Moderna & Pfizer for the Vaccine.
  6. Pfizer's Vaccine was 90% effective and required to be stored in Negative 70 Degrees Temperature.
  7. Moderna Vaccine as per reports doesn't require such Temperature.
  8. How Accurate are the Claims that is the Most Important Question now.
  9. Only Time Will say.
  10. I have been expecting a Consolidation after a 1100 Point rally in Nifty but Markets are not stopping their upmove.
  11. 13000 is the Resistance but the rally which is going on in the Markets no Resistance seems to be working.
  12. If Market goes up too fast the fall will be too severe too whenever it comes.
  13. So a small Consolidation / Correction would make it much stronger for Bulls.
  14. We are currently in a Global rally.
  15. Indian Markets are also Contributing to the same.
  16. FII's continue to buy.
  17. As per data 80% retail is still short on the Market.
  18. This short covering might itself lead up to a large rally.
  19. As per price action there is no need to be Bearish now.
  20. If Second Wave of Corona Virus haunts India , then also there won't be a Nation wide lockdown
  21. The lockdown even if bought would be restricted to some states only.
  22. U.S Government also announced that there won't be any Nation Wide lockdown.
  23. Lockdown if needed would be restricted to some states only.
  24. Reliance has acquired Urban ladder but that's a very Small Acquisition of less than 2000 crores which is very small from Reliance point of view.
  25. VIX has once again come below 20.
  26. Premiums not too exciting for Monthly Expiry if you are an option seller.
  27. Nifty might Trade between 12820-12980 today.


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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