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Pre - Market Analysis (28th April 2021)

  1. US markets closed Flat Yesterday.
  2. Asian markets are slightly Positive after opening negative.
  3. SGX Nifty now up 20-30 points.
  4. Last 2 days we had a fantastic rally in the Markets.
  5. Nifty up 300 points and Bank Nifty by 1500 points.
  6. Bank Nifty after underperforming for all this time in April has started to outperform in the last week now.
  7. This has come on the back up of good results from banking companies.
  8. Axis Bank also declared results yesterday and the numbers look good.
  9. Today this might create another positive sentiment in Bank Nifty.
  10. Overall the results season started with a positive note hence the markets are higher.
  11. Markets are ignoring the Corona Virus news because the Market believes this would be tackled quickly and we will be back to normalcy.
  12. The price action suggests this.
  13. FII's have turned sellers for last 2 weeks now whereas DII's and retail continue to pump in the money.
  14. Sentiment looks bullish in the Markets now.
  15. Bajaj Finance also came up with decent results after market hours yesterday.
  16. Tesla Yesterday in U.S Market came with fantastic results.
  17. All front line companies in U.S have declares good results hence U.S Markets are higher.
  18. This in turn is triggering positive sentiment in our Markets.
  19. A big Open Interest has added at 14500 PE &14800 CE Yesterday.
  20. Expecting this expiry to be between this range.
  21. If we break 14800 on the higher side then next resistance is 14900.
  22. Wednesday generally the Markets are very volatile as option writers take fresh postions to make some money before expiry.
  23. Nifty might Trade between 14560 to 14780 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