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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 (18th April 2022)

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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