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Pre - Market Analysis (10th May 2021)

  1. On Friday, US jobs data came much lower than expected.
  2. Inspite of this Negative news U.S Markets were higher on Friday.
  3. That's because Govt would bring in more Stimulus and not increase the interest rates in near future.
  4. SGX Nifty is Currently trading near 14990.
  5. Asian Market's have opened in flat zone as of now.
  6. In the past whenever we crossed 15k we witnessed selling pressure 
  7. Selling was very severe.
  8. We have been trading in the range of 14200 to 15000.
  9. Now we might expand upto 15200 on Nifty.
  10. One should apply caution when Nifty is above 15k.
  11. Considering the Block deals etc FII's have turned net buyers in the Market.
  12. We are in a ranging Market so the best way to approach the same is to trade based on the range.
  13. Big trending moves are less likely to happen.
  14. Nifty is 3% away from record highs whereas Bank Nifty is 10% away from record highs.
  15. Bank Nifty might witness some catch up rally here.
  16. Metals are shining from last 2 Months.
  17. All the Metal Stocks have doubled and the rally will continue for some time now.
  18. Iron Ore Futures is up 10% in Pre open.
  19. This will keep the rally going.
  20. Right now we are following global Markets and Indian Market's as they are not as developed to U.S Economy always Underperforms in the long run.
  21. On the Contrary when U.S Markets fall we fall at much faster pace.
  22. Do not Pre -empt a breakout etc unless you get a clear signal of the same.
  23. Trade the range and use Mean Reversion view.
  24. Nifty might Trade between 14860 to 15060 today.


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Pre - Market Analysis (30th Jan 2022)

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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.