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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 (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