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Pre - Market Analysis (10th March 2021)

  1. US markets were up Yesterday.
  2. S&P 500 was up 2% and Nasdaq up more than 4%.
  3. U.S Markets have given a clear breakout Yesterday.
  4. SGX Nifty is now Trading around 15250.
  5. Both FII's & DII's were buyers Yesterday.
  6. Not only they were buyers but they have bought Aggressively.
  7. Expecting 2nd half of March to be fairly Bullish.
  8. Do not sell options for March series.
  9. Market might shock you on the upside.
  10. Bond Yields in U.S have lightened up and this will give Financial sector a boost.
  11. Also there has been a big amount of short covering at higher levels.
  12. 15100 , 15200 have added more interest.
  13. All these are likely to be trapped today.
  14. They can propell Markets higher in coming time.
  15. I'm selling 14000-14500 Put Options for Monthly series as of now.
  16. To hedge it one can sell 16000 CE.
  17. For short term I feel we can touch 15500.
  18. Consult your Financial advisor before taking any Position.
  19. Nifty might Trade between today.

  20. Dow up 300 Points.
  21. Asian markets are mostly weak.
  22. SGX Nifty is higher, trading around 15060 now.
  23. Yesterday Markets did gap up but then got sold off then recovered again sold off and closed almost flat.
  24. It was a highly Volatile intraday session but on a close to close basis Market was up only 18 points.
  25. Bank Nifty is taking support at 35000.
  26. This seems to be a strong support area.
  27. The concern now for Bulls is even FII's have started selling now.


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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like