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Pre - Market Analysis (19th April 2021)

  1. US markets touched another record high on Friday.
  2. Asian markets are majority higher.
  3. SGX Nifty is down 200 points.
  4. With Very Positive Global cues we have negative local cues.
  5. Covid Cases are on the rise. There's no peak to be found near.
  6. India is struggling to manage and the mishap caused due to their negligance.
  7. The word Lockdown hasn't been used by Govt but almost all the restrictions are equal to Lockdown.
  8. Last 2 Monday's SGX Nifty fell 400 Points each.
  9. Today we have a gap down of around 200 Points.
  10. The Question is "how much will we fall today"?
  11. Bank Nifty Is very bearish and almost down 20-25% from its all time highs.
  12. HDFC Bank has come out with results but they seemed to be below par.
  13. All these factors would add up to more weakness in the Market.
  14. On Friday both FII's & DII's were net buyers.
  15. Puts were written Aggressively near 14500 and 14200.
  16. This might be a knee-jerk reaction and a panic sell.
  17. I dont see big fall might happen today.
  18. One can sell 14100 and 14000 Put options of weekly expiry as ViX would be high and only 3 trading sessions are there for this expiry.
  19. Wednesday being a holiday.
  20. Nifty might Trade between 14380-14620 today.


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1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like