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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 (30th Jan 2022)

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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.