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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 (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.