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Pre - Market Analysis (14th May 2021)

  1. U.S Markets on Wednesday night closed 2% lower due to Inflation Fears.
  2. SGX Nifty broke 14500 at one point of time.
  3. Yesterday , U.S Fed has calmed the Inflation Fears and there was a rally in U.S Markets.
  4. Although SGX Nifty is indicating 150 Points positive now.
  5. It is at the same level where Nifty has expired on Wednesday ie , 14700.(Thursday being a holiday for our Markets)
  6. We track all the Global news being an option writer via hedging.
  7. For those who didn't track any missed all the action.
  8. Since last 3 Months our Markets have been Consolidating and are in a fairly Rangebound zone.
  9. 14200 to 15400 is the wider range.
  10. 14200 to 15000 is the shortened range.
  11. I expect this range to continue for some time now.
  12. Some Exceptional event or news might trigger this range to break but I don't see it In near term as of now.
  13. Smart players have been trading this range very well and have made fantastic returns.
  14. Ranging Markets test your skill and patience as you require skill.
  15. As they say , Even a Donkey can make money in Trending Markets but it requires skill to make money in ranging Markets.
  16. As per research 95% traders make money in Trending Markets and lose all in Ranging Markets.
  17. FII's and DII's have been net sellers throughout the last week.
  18. Right now they are holding agressive short positions.
  19. 14500 is a near term support. Markets might test this level in coming days and if this sustains we might expect some short covering.
  20. As of now we have Negative Global cues and slightly positive local cues.
  21. We may open gap down but chances are dips will be bought into.
  22. Reliance is near its lower band of 1900 so that can be bought with a 1% Stoploss for short term.
  23. Akshay Tritiya is round the corner so Jewellery stocks would be in focus.
  24. Nifty might Trade between 14560 to 14820 today.


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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