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Pre - Market Analysis (12th April 2021)

  1. U.S Markets closed at all time high on Friday.
  2.  Asian markets are Underperforming the Globe.
  3. SGX Nifty today Morning is down by 200 points.
  4. There were rumours that the Maharashtra will go for 15 days of complete lock down.
  5. India has recorded more than 1.5Lakhs of positive cases Yesterday.
  6. Many States have started to announce restrictions.
  7. Market is contemplating a severe 15 days of complete lockdown where cases are too high.
  8. Right now , there's no such official announcement made.
  9. Still Markets are in a Panic selling mode.
  10. Whether this dip will be bought or not only time will say.
  11. We have only 3 working days left for this Expiry as Wednesday is a Holiday.
  12. 14500 which is the previous week is a strong support.
  13. Today we also have many IT Companies announcing their results.
  14. IT companies coming up with Positive results will itself boost the sentiment of our Markets.
  15. On one hand U.S Markets keep hitting fresh all time highs and the local cues keep getting worse day by day.
  16. India is in a brutal second wave of Covid Cases but I think this is Temporary.
  17. We have a Vaccine now and in next 30-40 days if we are able to give 10 crore doses of Vaccine the cases will reduce drastically.
  18. The Markets are a buy on every dip and there's no reason to be bearish in the long term.
  19. It's just that sometimes these moves take out the weak longs and over leveraged bullish traders.
  20. Will be selling 14200 and 14300 PE of weekly expiry today after observing the price action and premiums.
  21. Nifty might Trade between 14620-14840 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