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Pre - Market Analysis (22nd Feb 2021)

  1. U.S Markets were Slightly lower on Friday.
  2. Currently U.S Futures are Mindly lower.
  3. Asian Markets are Slightly Positive.
  4. SGX Nifty is Trading near 15k.
  5. On Friday , we witnessed a massive fall Intraday.
  6. It was an all round selling across all the Sectors and stocks.
  7. I've been observing , Monthly Expiry are highly Volatile.
  8. FII's didn't buy on Friday and DII's have been selling Relentlessly.
  9. This led to a greater fall.
  10. I have been selling Call Options of Banking stocks and 15300 CE & 15400 CE for Feb Expiry.
  11. Not expecting Markets to cross 15200-15250 for this Expiry.
  12. Markets are looking very weak in the short term.
  13. There are only 4 Trading sessions left for this expiry so Time decay will be much faster.
  14. Global Markets are also in a Consolidation with a slightly Negative bias.
  15. Any rally has been sold into Globally.
  16. So Temporarily I feel Markets have been topped out near 15250.
  17. This is the short term situation.
  18. Any rally needs to be sold into for Feb series.
  19. India VIX was up 5% on Friday.
  20. Premiums are quite attractive so sell Options due to higher India VIX.
  21. Nifty might Trade between 14860-15080 today.


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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.