Skip to main content

Pre - Market Analysis (11th May 2021)

  1. US markets closed Negative Yesterday.
  2. Asian Markets are all trading in Red.
  3. SGX Nifty is down 200 Points.
  4. Markets reacting to the Bad Jobs Data posted by U.S a day later.
  5. Technology stocks came under severe profit booking pressure.
  6. Nasdaq once again highly under performed Dow.
  7. WHO has classified triple-mutant Covid variant from India as global health risk.
  8. This is the deadliest variant found in India due to which cases were on a steep rise.
  9. Yesterday I mentioned it's time to exit long positions and go short near 15000.
  10. We were likely to witness the profit booking near the upper end of the range.
  11. Now we are back to our old range of 14200 and 15000.
  12. Lot of Put options were sold Yesterday and 14900 PE had the highest open interest.
  13. As there were heavy put writers they may run for cover as Markets fell and might short futures.
  14. So this might turn much bigger fall for our markets.
  15. Luckily , I do not have any Weekly expiry positions as yesterday the premiums were too low and everything was already at 60-70% discount and 2 days were remaining for expiry.
  16. So I thought it wasn't favourable to hold these positions as the returns are too less.
  17. Trading is weekly expiry is high risk and high return.
  18. One needs to be highly careful or else the Gama effect might throw you out of the Market.
  19. Whenever there is such a big fall Intraday I would use this opportunity to sell 14000 PE monthly expiry.
  20. For today I expect Markets to take support near 14700 whereas 15k would be a stiff resistance.
  21. Nifty might Trade between 14700 to 14940 today.


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

Pre - Market Analysis (16th June 2022)

U.S Markets closed higher Yesterday. Right now Dow futures are higher by 140 points. Asian markets are higher. SGX nifty is indicating a gap up opening. Yesterday as anticipated Fed increased the interest rates by 75 basis points. This is the largest increase since 1994. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%. How long will this relief rally go on is a big question. Our Markets were terrible yesterday. Everybody is shorting left , right and center. Yesterday all Put options premiums raised in last 30 mins. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs. Today we might get some short covering as we open and even head higher. 16000 should be a firm resistance for the day. I won't chase this gap up because when Market reverses it's with great speed. I'll look to short near 15950-15980 with a stoploss of 16020. In Bear markets the rallies sre quite ferocious but again markets make fresh lows. So remembe

Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t