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Pre - Market Analysis (17th May 2021)

  1. U.S Markets closed a percent higher on Friday.
  2. SGX Nifty crossed 14850 on Friday.
  3. Right now U.S Futures and Asian Market's are marginally weaker.
  4. SGX Nifty is trading around 14770 now.
  5. Markets have been in a rangebound zone and have been Consolidating from quite some time now.
  6. Last week the U.S inflation data triggered a fear in our Markets.
  7. Due to the same Volatility has increased.
  8. Friday was a fairly Volatile day.
  9. Nifty traded within 100 Point range but there were big swings throughout the day.
  10. Bank Nifty fell a percent on Friday.
  11. Bank Nifty looks weaker than the Nifty.
  12. We have SBI results coming this week and if this is positive then it may trigger Bank Nifty higher.
  13. As of now 14800 and above seems to be a strong resistance as calls have been written aggressively from 14800 and above.
  14. More call writing is going on than puts.
  15. Remember, option writers can also be wrong and small rally might propell the markets higher.
  16. 14350 to 15000 is the range I expect the Market to trade these coming 4 days.
  17. So as when you get sharp dips or sharp rallies one can sell 14350 PE or 15000 CE etc.
  18. I've sold 14700 Straddle at 450₹ on Friday.
  19. First 2 weeks on May markets went nowhere.
  20. Usually when this happens Markets tend to make a big move while getting near to the last week of expiry.
  21. Both DII's & FII's were net sellers last week.
  22. Nifty might Trade between 14580 to 14820 today.


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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.