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Pre - Market Analysis (9th Feb 2020)

  1. US markets closed yet at record highs.
  2. Asian Markets are flat.
  3. Although U.S jobs data wasn't upto the Mark , Markets are keeping their Momentum alive.
  4. The trend is:
  5. Market opens with a gap up , some profit booking comes and it gets bought into and Ultimately Market closes higher.
  6. This is the Scenario from past few Months.
  7. Good Corporate results , Vaccination and Passing of Stimulus are key Positives.
  8. NIFTY has rallied from 13600 to 15150 in 6 trading sessions.
  9. Bank Nifty from 30000 to 36000 in the same period.
  10. Auto Stocks also started performing Yesterday.
  11. Maybe due to Opening of Tesla Electric Plant in India , these Petroleum and Diesel Automobile companies are under pressure.
  12. 15500 Straddle has the highest open interest in Monthly Options.
  13. Expecting Markets to Consolidate near 15500 which is also 400 Points away from current level.
  14. So we have an upside potential of another 400 Points on NIFTY from here.
  15. Bank Nifty 37500 Straddle has highest open interest.
  16. So this level seems to be a mean for Feb month.
  17. Nothing more to preamt.
  18. We are witnessing one of the Greatest Bull Market of all time.
  19. Just follow the trend.
  20. Buy dips , do not do anything fancy.
  21. Stay in the game and let Market reward you.
  22. Nifty might Trade between 15080-15320.


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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.