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Pre - Market Analysis (12th May 2021)

  1. U.S Markets were Negative yesterday.
  2. Dow Jones was down 600 points at one instance but closed more than 400 points down.
  3. Even now Dow Futures are Negative and are down 100 Points.
  4. Bad job numbers reported by U.S is showing its negative impact on U.S.
  5. Asian markets are mixed.
  6. Some are Positive while others negative.
  7. SGX Nifty is down 50 points.
  8. We have monthly expiry today for Nifty & bank Nifty.
  9. 15000 CE continues to have highest open interest.
  10. 14800 straddle has added huge amounts of open interest Yesterday.
  11. Today evening US will declare its Inflation data.
  12. This will be tracked carefully to get an idea about interest rates.
  13. India VIX for the first time in May closed below 20.
  14. Option premiums are too low today.
  15. I haven't seen such low premiums since Jan 2020.
  16. Option writers have to be careful now as Option Buyers may start Gambling with such low premiums and increase Volatility.
  17. First 2 weeks of May were very silent and there wasnt any heavy turbulence.
  18. I feel next 2 weeks won't be the same for May and Volatility will spike up.
  19. Still we are in that same old range 14200 & 15000.
  20. Trade the range & catch the swings.
  21. I might not trade heavily for  today's weekly expiry considering such low premiums.
  22. Nifty might Trade between 14740 to 14920.


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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.