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Pre - Market Analysis (28th Jan 2021)

  1. US markets closed 2% lower Yesterday.
  2. Asian Markets are all Negative.
  3. SGX Nifty is now Trading near 13870.
  4. Yesterday, Fed Chairman Jerome Powell issued a statement saying "POWELL: WE ARE MONITORING THE ASSET BUBBLE VERY CAREFULLY"
  5. This arose a panic selling in U.S Markets.
  6. U.S VIX was up 63% Yesterday.
  7. This was never ever witnessed before in Normal times.
  8. U.S VIX now Trading above 30.
  9. Yesterday we broke critical support of 14k & today there should be a gap down Opening.
  10. This is a huge global sell off.
  11. We are leading this Global sell off.
  12. Both FIIs and DIIs were net sellers in the market for last 3 trading sessions.
  13. I was warning to be cautious as we had a vertical rally in Markets.
  14. When there are one way vertical rallies , the fall is also severe.
  15. FIIs are selling aggressively in F&O also.
  16. But still I feel this is a Bull Market Correction.
  17. These type of Correction are often witnessed in a Bull Market.
  18. Unless we get clear Macro signs of a reversal we are in a Bull Market and you shouldn't deny the same.
  19. Today's plan is to sell 14000 & 14050 Call options Intraday on every rise.
  20. As we are now in a sell on rallies mode.
  21. Every rally will be sold into.
  22. Long term we are in a Bull Market but for a very short term things looking scary for Bulls.
  23. Even a long term Investor should know to hedge & sell Options to cover damage.
  24. Otherwise whatever returns made while being patient over a longer time can be lost in a week.
  25. Nifty might Trade between 13780-14020 today.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.