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Pre - Market Analysis (7th Jan 2020)

  1. US markets closed higher Yesterday.
  2. Asian Markets are all Trading higher.
  3. SGX Nifty is Trading near 14270 now.
  4. Yesterday we Witnessed a severe correction Intraday.
  5. As I always say bears last only for a day in Bull Market.
  6. U.S Markets have closed at record highs.
  7. Today , we might also open near record highs as per SGX.
  8. When our markets closed Yesterday , Dow Futures was up 50 points but Dow went up more than 600 points.
  9. Facebook & Twitter suspended Trump's account on a Temporary basis.
  10. But Asian markets are ignoring this bad incident and moving higher significantly.
  11. Bull Markets climb the wall of worry.
  12. Yesterday the Correction was due to Bank Nifty.
  13. It fell 400 Points in half an hour.
  14. Recovered most of it's losses by the end of the day.
  15. I have sold 14050 PE & 14300 CE Yesterday at around 2 pm.
  16. Holding on it till now.
  17. 14050 PE will give good profit in opening.
  18. Need to do some Adjustments if Market keeps going higher.
  19. 14250 & 14300 were written aggressively yesterday.
  20. If Markets keeps going higher , these writers have to run for cover.
  21. This could take Markets much higher.
  22. Every dip is a buy in this Bull Market.
  23. As a trader we shouldn't look into Economics.
  24. We should look price action , trend analysis etc.
  25. All everything is Bullish now.
  26. Nifty might Trade between 14160-14340 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