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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 August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso