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Pre - Market Analysis (19th Jan 2021)

  1. US markets were closed yesterday.
  2. Asian Markets are also Trading higher Currently.
  3. SGX Nifty as on Yesterday closing was near 14300.
  4. Now it's showing a 100 Point gap up closer to 14390.
  5. Our Markets from last few days have been highly Volatile.
  6. India VIX had gone up above 25.
  7. Option premiums are very high.
  8. Ex Fed Chair Janet Yellen, who is going to be the future Treasury Secretary, called for aggressive Stimulus.
  9. That statement has made U.S and European futures rise.
  10. Which also made SGX Nifty to rise.
  11. All Largecap companies have declared very good Results.
  12. Pandemic was a speed breaker in the business but Largecaps have come out quite well.
  13. Infosys , TCS & HDFC Bank have declared very good Results.
  14. Reliance Industries , another Largecap has announced that it's going to declare results this Friday.
  15. Expecting another Blockbuster set of numbers from Reliance.
  16. Bull Markets often witness such quick Corrections when nobody expects.
  17. Due to these reasons Bull Markets become quite difficult to trade into.
  18. Corrections like these take in more shorts into the system which in turn help markets to go higher in future.
  19. Primary trend is Bullish and we are in a Bull Market.
  20. Nifty might Trade between 14260 to 14480 today.


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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

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