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Pre - Market Analysis (11th Jan 2020)

  1. U.S Markets were more than a percent higher on Friday 
  2. Asian Markets are lower now.
  3. Dow Futures are 0.5% lower now.
  4. SGX Nifty closed around 14500 on Friday night.
  5. But right now, it is trading around 14440.
  6. Mutant Corona Virus of UK has been causing a lot of issues to European Countries.
  7. London now has also imposed Emergency.
  8. TCS has already declared very good results.
  9. They have also come out with a Growth projection of double digits during next Financial year.
  10. IT stocks are the star of the pack now.
  11. Expectations are very high after TCS results.
  12. Corporate results season for this Quarter will decide the trend from here.
  13. Next Important factor after Corporate results will be the Union Budget.
  14. Today also RBI is likely to come out with its Interest Rates.
  15. Expect a Sta tus Quo policy or a lowering of interest rate.
  16. If anything apart from this then Market might react Negatively.
  17. This is also an Important event to watch on.
  18. Nifty was up 200 Points on Friday but Bank Nifty was hardly up 100 Points.
  19. HDFC bank is going to decalre results this Quarter.
  20. Maybe Markets are waiting for what comes out of the store.
  21. Nifty might Trade between 14320-14490 today.


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Pre - Market Analysis (18th April 2022)

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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