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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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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like