Skip to main content

Pre - Market Analysis (4th Dec 2020)


  1. US markets closed Flat Yesterday.
  2. Dow Futures now are mildly positive.
  3. SGX Nifty is Trading near 13250.
  4. Markets all over the world are going through a Consolidation phase.
  5. Yesterday expiry was also very flat.
  6. Nifty moved within a range of 60-70 Points only the whole Yesterday.
  7. Bank Nifty is unable to cross 30k.
  8. 12200 seems a conjession zone for Nifty.
  9. If we get a closing above any of these levels.
  10. Then it is a confirmed Breakout.
  11. Yesterday Nifty Futures were Trading at 70 Points Premium compared to spot.
  12. Yesterday HDFC Bank corrected as RBI restricted then to issue credit cards due to which Bank Nifty corrected and which also had a slight impact on Nifty.
  13. If it was a negative news for HDFC bank it was positive for SBI cards as it gained 5%.
  14. Going by the data Market looks Bullish again.
  15. Today if we get a closing above Resistances then it would be apt to buy calls or sell puts.
  16. Another Important factor to note today is RBI Policy which is at 10 AM today.
  17. So Bank Nifty might be Volatile for 1 hour today.
  18. PSU Banks are outperforming private Banks.
  19. SBI was up 4% Yesterday.
  20. Nifty might Trade between 13110 to 13280today.
  21. stockmarketadvisory.in
  22. Question of the day by MR. Nikhil.
  23. What is Support and what is Resistance?
  24. Support, or a support level, refers to the price level that an asset (Stock , Index etc) does not fall below for period of time. An asset's support level is created by buyers entering the market. 
  25. On Wednesday Nifty made a low of 13000 and bounced back from there so for swing & short term traders who wish to go long can keep a Stoploss below 13k
  26. Resistance, or a resistance level, is the price at which the price of an asset meets pressure on its way up by the emergence of a growing number of sellers who wish to sell at that price.
  27. All time high for Nifty is around 13220 & Nifty has retraced many times from this level.
  28. So this is a Resistance 
  29. Closing below Support is known as Breakdown & Closing above Resistance is known as Breakout.

Comments

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

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