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Pre - Market Analysis (26th May 2021)

  1. U.S Markets closed slightly lower Yesterday.
  2. Asian Markets are all mostly higher.
  3. SGX Nifty is almost flat near 15250.
  4. Bank Nifty had underperformed yesterday.
  5. HDFC bank in particular dragged Bank Nifty.
  6. Reliance is also trading lower.
  7. The frontline heavyweight stocks are in a Consolidation phase.
  8. I expect this to continue today as well.
  9. Yesterday high Open Interest has been added at 15300 CE.
  10. Bank Nifty also added huge open interest at 35000 CE.
  11. These levels will act as a huge resistance for the next 2 days.
  12. But however this is Monthly expiry week & due to Expiry related issues things might change.
  13. FII's were net buyers whereas DII's sold Yesterday.
  14. India VIX at one point of time was higher 10% but closed below 19.
  15. Option Premiums are too low that indicates not a big move ahead.
  16. Even June Expiry options are trading at such steep discounts.
  17. Markets are slowly inching higher and it's a matter of time before we hit fresh all time highs.
  18. However for today and tomorrow I'm slightly bearish.
  19. Wednesdays are generally highly Volatile considering the expiry day the next day.
  20. Use every dip to buy for long term point of view.
  21. Nifty might Trade between 15120-15320 today.


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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.