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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 (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