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Pre - Market Analysis (24th March 2021)


  1. US markets closed lower Yesterday.
  2. Right now U.S Futures are trading slightly lower too.
  3. Asian markets are Flat.
  4. SGX Nifty is trading near 14800.
  5. Wednesdays are one of the most Volatile days for the week.
  6. Today I expect Markets to be Volatile.
  7. Yesterday the Supreme Court Verdict was announced and it was on Expected lines.
  8. Verdict can be considered to be as Positive for the Banks.
  9. Crude is down more than 15% in a week.
  10. As India is the highest Importer of Crude , it's a positive news for us.
  11. On the other side there are some negative news too.
  12. Due to Covid cases increasing , many states and Cities are again resorting to lockdown.
  13. As proved by Health Experts , the second wave of Corona Virus is deadly dangerous.
  14. Vaccination has arrived but has been going on in a slow pace.
  15. Also there is fear among many owing to Vaccination.
  16. Bank Nifty has been Underperforming Significantly.
  17. This is Dragging Nifty lower as well.
  18. Expecting the Markets to expire between 14500 to 15000 for this Expiry.
  19. If by chance any big move happens & we break above levels , we may see a trending move of 100-200 Points on one side.
  20. Nifty might Trade between 14640-14920 today.
  21. stockmarketadvisory.in

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