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Pre - Market Analysis (25th May 2021)

  1. U.S Markets closed more than a percent higher Yesterday.
  2. Asian Market's are mostly higher.
  3. SGX Nifty is trading above 15300.
  4. Yesterday we had a Consolidation day after a big rally on Friday.
  5. Bank Nifty is outperforming Nifty.
  6. SBI in Particular has been outperforming after declaring excellent results.
  7. SBI results have boost the sentiment in Banking Stocks.
  8. I mentioned yesterday, we might hit fresh all time highs this week itself.
  9. There are huge short Positions still in the Market and these people will have to square off their shorts by the end of expiry.
  10. This will propell the Markets even higher.
  11. Bank Nifty has the highest shorting in the system.
  12. That's one of the reason of outperformance in Bank Nifty.
  13. FII's were net buyers Yesterday while DII's were sellers.
  14. Perhaps due to DII's selling market corrected slightly in last 30 mins Yesterday.
  15. U.S markets were in Consolidation due to inflation fears and Bitcoin crash.
  16. Yesterday Bitcoin was up 10% and Inflation fears also have been timid.
  17. This has again resumed the Uptrend in Global Markets.
  18. Do not try to "SHORT" this Market now.
  19. Just wait for dips and try to add onto longs.
  20. Yesterday as well Nifty gave an opportunity near Support of 15150 to enter.
  21. Today as well there will be an Intraday dip.
  22. Use this dip on your favour.
  23. I've sold 15000 PE , 15100 PE , 15050 PE , 14950 PE this week expiry.
  24. Have sold Bank Nifty 33000 PE , 34000 PE for next week as this week premiums are already low for Bank Nifty.
  25. Nifty might Trade between 15220-15380 today.
  26. Today if Nifty opens above 15300 then we will be just a percent away from all time highs.


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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