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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 (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