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.
  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.


Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is