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Pre - Market Analysis (15th April 2021)

  1. U.S Markets closed flat Yesterday.
  2. Asian Markets are also Flat.
  3. SGX Nifty at one Point was higher by 250 Points.
  4. Right now it's higher by 100 Points.
  5. TCS in spite of positing good results was down 5%.
  6. This is because these stocks have already rallied a lot.
  7. So now Profit booking takes place in these counters.
  8. Infosys came out with results Yesterday.
  9. But Infosys ADR is down by 6% in U.S Market.
  10. Meanwhile India continue to record highest Corona Virus cases.
  11. Maharashtra has anniunced a lockdown.
  12. SGX sometimes is a misleading Indicator as it tracks only the Global data.
  13. Local cues are being ignored in SGX Nifty and the real Position we get to know only after Market opening.
  14. If we open 100-150 points higher then I do not see risk reward favouring a buy.
  15. It is a good shorting Opportunity that can be done via this gap up.
  16. Expecting Markets to be Bearish / Neutral for this Expiry.
  17. Nifty might Trade between 14440 - 14680 today.
  18. stockmarketadvisory.in

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