Skip to main content

Pre - Market Analysis (29th April 2021)

  1. US markets closed a bit lower Yesterday.
  2. Asian Markets are Positive.
  3. Right now US Futures are higher by more than a percent.
  4. SGX Nifty is above 15k now.
  5. Just before a week we were below 14200.
  6. Now we are at 15000.
  7. Bajaj twins were the star of the show yesterday.
  8. At one point of time these both were up more than 7% each.
  9. Massive short covering took place in these 2 counters yesterday.
  10. This is a dream rally of about 800 Points.
  11. To be true I too didn't expect that Markets would rally so quick so fast.
  12. This rally is majorly triggered by short covering.
  13. Due to Covid Cases increasing , beds and oxygen problem many people went short on the Market.
  14. I was also one of my them and I sold Call options.
  15. But as Market didn't respect my opinion I exited and started selling puts.
  16. Many traders are stubborn and don't book losses even when they know they are wrong.
  17. These traders are still short on Market and they will be taken to cleaners by looking at the way our Markets are rallying.
  18. These is more short covering left and there are many people who are shorting markets even now.
  19. Well I agree that the Micro Environment isn't good and Economy is in poor shape but markets work differently.
  20. As long as there are problems and issues Bull Market continues.
  21. Market discounts the future projections now.
  22. So rather than looking at economy etc better to focus on what the Market is trying to say.
  23. Only in that way one would be profitable here.
  24. Those who are buying now Covid will soon be a history and we will back to normal after the 2nd wave.
  25. Plus earnings season has started with highly positive note and all the companies are coming out with fantastic results inspite of pandemic.
  26. Apple has reported a growth of more than 50% this is extraordinary considering pandemic.
  27. Nifty might Trade between 14880 to 15080 today.
  28. stockmarketadvisory.in


Comments

Unknown said…
On point analysis!Nifty gave a strong resistance around 15050!Must read blogs everyday before trading. Could be very helpful to know the direction to enter into trade.
Anonymous said…
I love you😛

Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is