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Pre - Market Analysis (27th April 2021)

  1. US markets closed a bit higher yesterday.
  2. Asian Markets are a bit lower.
  3. SGX Nifty is Trading near 14450 now.
  4. Yesterday due to ICICI Bank results Bank Nifty was up more than 700-800 Points.
  5. ICICI Bank has one of the highest weightage in Bank Nifty.
  6. Also there was a bit of short covering Yesterday in both the indices.
  7. U.S and Partner countries have agreed to help and provide assistance relating to Covid.
  8. This is a positive sign and will be taken in a good note by the Markets
  9. Tesla came out with good results Yesterday.
  10. Today Axis Bank will declare after Markets hours.
  11. The NPA Percentage and slippages will be iin focus.
  12. In the Short term 14200 is a good support and looks as we have made a short term bottom there.
  13. Yesterday the former Chairman of Maruti expired so Maruti was down.
  14. Maruti and Bajaj Finance are also set to declare results today.
  15. Markets will react and move based on results from here on.
  16. This is an Important results season.
  17. Corona Virus problems still continue.
  18. Positive aspect is we are becoming stronger and are finding more ways to combat the virus.
  19. Nifty might Trade between 14320 to 14620 today.


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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.