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Pre - Market Analysis (13rd Jan 2020)

  1. US markets closed marginally higher Yesterday.
  2. Asian markets are Flat.
  3. SGX Nifty is higher above 12600.
  4. Yesterday Bank Nifty started its show.
  5. In 2nd half it rocketed 400 Points which helped Nifty going higher.
  6. FIIs bought for ₹ 570 crores Yesterday.
  7. DIIs have sold for Rs 1300 crores.
  8. FIIs are booking profits in some long positions in F&O also.
  9. Maybe all this is due to Budget as the Expectations are set quite high from the same.
  10. Earlier FIIs long in Index Futures was above 80% and it is now about 76%.
  11. Markets might not go much higher from here but also there is limited downside risk.
  12. So expecting some Consolidation ahead.
  13. Banks and Reliance have out performed yesterday.
  14. Reliance finally looked in some Momentum Yesterday.
  15. Whether we witness continued rally here or not time will say.
  16. Today Market might be Volatile.
  17. Usually Wednesdays get Volatile in second half.
  18. Due to expiry related Unwinding , fresh Positions etc.
  19. Infosys and Wipro results are being decalres today.
  20. This is an Important event to look for.
  21. Nifty might Trade between 13480-13720 today.


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Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.