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.
29 April 2021 at 23:25
Anonymous said…
I love you😛
29 April 2021 at 23:34
Post a Comment

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't
Post a Comment
Read more

Pre - Market Analysis (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday.  8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday.  10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility.  13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday.  18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday.  20. So clearly there was valuation over hang which is gettin
1 comment
Read more

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke
Post a Comment
Read more