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Pre - Market Analysis (31st March 2021)

  1. US markets closed slightly lower Yesterday.
  2. SGX Nifty Yesterday night was near 14950.
  3. Right now SGX Nifty is around 14850.
  4. Asian markets are a bit weak.
  5. Hence this weakness in SGX Nifty.
  6. I have been actively trading since 9 years in Stock Market now.
  7. One thing I always expect from Stock Market is Uncertainty and Surprises.
  8. Yesterday both Nifty & Bank Nifty were up more than 2.5% as on closing basis.
  9. After a big gap up many were expecting Markets to consolidate or be weaker.
  10. But Market continued the rally.
  11. As a trader it's important not to be stubborn and stick to your original plan.
  12. If plan isn't working change the same immediately.
  13. So in last 2 trading sessions both Nifty and Bank Nifty are up more than 4%.
  14. Now the most important question.
  15. Will we rally further , whether there will be a sell off or will we consolidate?
  16. I feel that 14600 is a good support on the lower side for this weekly expiry.
  17. We had a broad based rally these two days plus both FII's & DII's were net buyers yesterday.
  18. So the chances of market weakness is less.
  19. My view is bullish / consolidation.
  20. 15000 CE can act as a good resistance for this weekly expiry.
  21. If 15k breaks then it's definetely bullish signal.
  22. Nifty might Trade between 14740-14980 today.


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Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso