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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.


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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