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Pre - Market Analysis (12th Feb 2020)

  1. US markets closed Flat Yesterday.
  2. Asian markets are trading with negative bias.
  3. Chinese Markets are closed for a week.
  4. SGX Nifty is In Flat Terrain.
  5. Markets all over the world are consolidating at higher levels.
  6. Indian Markets are also the same.
  7. An Agreement has been signed at Indo - China Border to control the Military forces.
  8. This will trigger a Postive sentiment over the Globe.
  9. Reliance Witnessed a good short covering rally Yesterday.
  10. If Reliance continues its momentum then downside for Nifty is almost NIL.
  11. India VIX cooled off a bit Yesterday.
  12. Over the Budget India VIX kept increasing.
  13. Yesterday's fall in India VIX indicating the fear is reducing at higher levels.
  14. Also Markets have been Consolidating so this is also contributing for a fall in India VIX.
  15. Consolidation is also a Positive sign for the Bulls.
  16. ITC has come up with decent results Yesterday.
  17. FMCG division in many areas witnessed double digit growth.
  18. It would be interesting to see how the stock reacts today.
  19. Expecting this week to be a Consolidation week.
  20. Don't expect Markets to make a big move.
  21. 15000 to 15400 is the primary range.
  22. Will look for Adjustments if this range doesn't hold on.
  23. Nifty might Trade between 15080-15260 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