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Pre - Market Analysis (22nd March 2020)

  1. Asian markets are slightly positive.
  2. Dow Futures are trading lower.
  3. SGX Nifty is trading around 14800.
  4. On Friday , within few minutes of Market opening Nifty and Bank Nifty broke the Monthly low.
  5. Nifty made a low of 14350 but then bounced back 350+ Points by the end of the day.
  6. This was supported by big short covering later during the day.
  7. US markets showing divergence.
  8. Dow Futures down but Nasdaq is up.
  9. U.S Markets are in a Consolidation phase.
  10. Indian Markets too on a close to close basis is in a Consolidation.
  11. March Month is typically a Consolidation but with huge Volatility.
  12. Dow Future down but Nasdaq Future up.
  13. Covid cases increasing rapidly in India.
  14. Maharashtra seems to be the worst effected.
  15. Many states starting to put restrictions and having mini lockdowns.
  16. Market as of now isn't reacting to such news.
  17. FII's buying spree is on.
  18. On Friday , both FII's & DII's bought and were net buyers.
  19. FIIs have bought for Rs 7500 crores in last one week.
  20. We have only 4 trading sessions left for March Expiry and Expecting this to be very Volatile.
  21. But on a close to close basis I don't expect Nifty & Bank Nifty make big move.
  22. Nifty might Trade between 14620 to 14880 today.


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U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.