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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 (30th Jan 2022)

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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.