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Pre - Market Analysis (2nd March 2021)

  1. US markets closed higher Yesterday.
  2. Right now Dow Futures are also higher.
  3. Asian Markets are mostly Positive.
  4. SGX Nifty indicates a gap up of 100 Points.
  5. It's amazing how the perception changes.
  6. On Friday when Market fell everybody was talking about Interest rates , Inflation etc.
  7. Now when Markets are rising , talk is about Stimulus , GDP etc .
  8. As I always say , Bears last for only 1 day in Bull Market.
  9. Bulls come roaring back the next day.
  10. Every Correction is an Opportunity to go long in Bull Market.
  11. Yesterday we fell a bit due to Intraday Volatility but then closed at the high Point of the day.
  12. Bank Nifty was volatile between 35000 and 35500.
  13. The Good news is that India VIX has fallen 10% Yesterday.
  14. Put Options premium fell by 70-80% for weekly options Yesterday.
  15. I'm looking to sell 14300 PE on every dip on Nifty.
  16. 15000 is a resistance going ahead and the next resistance is 15200.
  17. These 2 are important levels to watch out for on the upside.
  18. GDP data was at 0.4 on the Expectation of 0.5 which is not quite bad.
  19. Hence Markets reacting positively now.
  20. Nifty might Trade between 14820-15040 today.
  21. stockmarketadvisory.in

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