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Pre - Market Analysis (24th Feb 2021)

  1. US markets closed Flat Yesterday.
  2. U.S Markets have closed with a slightly Positive bias.
  3. Asian Markets are also Mixed.
  4. SGX Nifty is Slightly higher.
  5. Dow Jones has recovered more than 350 Points from Intraday low.
  6. At one Point , the selling pressure was really severe.
  7. SGX Nifty is up 80 Points.
  8. Yesterday too , Markets were highly Volatile.
  9. They were all over the Place.
  10. Markets will continue to remain highly Volatile as its Monthly expiry week now.
  11. As of now it doesn't appear a clear Direction for me.
  12. Markets are neither Bullish nor Bearish.
  13. Markets are Consolidating with high Volatility.
  14. Good news is that India VIX has reduced Yesterday.
  15. Usually as per past Experience Wednesdays are highly Volatile.
  16. Today also Markets are likely to remain highly Volatile.
  17. I expect Nifty to expire between 14600 & 15000.
  18. But I may be wrong too as the way Markets are moving , analysing direction is difficult.
  19. I'd look to sell Call Option near 15k for Nifty.
  20. Look to sell Put near 14600.
  21. Until then time to wait and watch.
  22. Nifty might Trade between 14640-14920 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