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Pre - Market Analysis (1st April 2021)

  1. US markets closed higher Yesterday.
  2. Asian Markets have also recovered their losses.
  3. Dow , S&P 500 and Nasdaq all closed higher.
  4. Right now U.S futures are also slightly higher.
  5. SGX Nifty is trading around 14850.
  6. SGX Indicating a significant gap up today.
  7. Yesterday we witnessed weakness ahead of expiry.
  8. Weakness was majorly due to HDFC twins.
  9. Both HDFC Ltd & HDFC Bank underperformed significantly.
  10. Due to these 2 stocks Nifty fell 100 points.
  11. HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
  12. This triggered big sell off in these stocks.
  13. Yesterday FII's were net sellers but DII's were net buyers.
  14. Going ahead I feel that Market is going nowhere.
  15. After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
  16. Now Markets are Consolidating.
  17. Remember , Consolidation always happens with Volatility.
  18. On a daily basis Nifty and Bank Nifty are making more than a percent moves.
  19. Today I expect Markets to be Volatile between 14650 & 14950.
  20. Do not expect any significant one sided moves today.
  21. Markets on a close to close basis will be more or less flat.
  22. Nifty might Trade between 14740-14980 today.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.