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Pre - Market Analysis (20th May 2021)

  1. U.S Markets closed lower Yesterday.
  2. Yesterday during Market hours Dow Futures were down 300 Points.
  3. At one Point of time Down was down 600 Points Yesterday.
  4. During the End of the day it has recovered 70% of its losses.
  5. Reason for this Bearishness was due to the Crypto Currency Market.
  6. All the Crypto Currencies have fallen by 50% from their all time highs now.
  7. Many Funds of U.S have their positions in these currencies.
  8. Now due to such severe fall these people have to book their Equity positions to compensate damage in crypto.
  9. This disturbs the rhythm of the Market.
  10. You may Remember the "GameStop Saga" there was a big short covering in GameStop stock and many hedge funds having short positions lost heavily.
  11. To compensate the leverage , losses etc they had to book the other positions to clear the Margin here.
  12. Sort of the same happened yesterday.
  13. Right now Dow Future's are flat.
  14. SGX Nifty is flat near 15050.
  15. Asian Market's are mixed.
  16. This is just a profit booking going on in our Markets and the trend is still positive.
  17. Expecting a slighly neutral / positive expiry today.
  18. Both the FII's & DII's were net sellers yesterday.
  19. 15100 CE & 15000 PE had the highest open interest yesterday.
  20. So for the most of time we might Trade within this level today.
  21. Shared an SBI Strategy on our Telegram Channel which has been performing well.
  22. Will keep positing all updates there itself.
  23. Nifty might Trade between 14970 to 15150 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.