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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 (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se