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Pre - Market Analysis (27th May 2021)

  1. U.S Markets closed slightly higher yesterday.
  2. Asian Markets are mixed.
  3. SGX Nifty is up by 10,20 points.
  4. U.S Markets are into a long term consolidation.
  5. Our Markets are on the verge of making fresh highs.
  6. Mid cap index has already touched fresh all time highs.
  7. Due to some underperformance in heavy weight stocks the major indices might take some time.
  8. Today is the May expiry & it has been a very good month for the Bulls as on today.
  9. Nifty is away just a percent from all time highs whereas Bank Nifty is away 7-8%.
  10. As for value traders Bank Nifty has a good value on the upside from here.
  11. It's just a matter of time before the Bank Nifty catches up with Nifty.
  12. Reliance and HDFC Bank have been underperforming the Nifty.
  13. Once these 2 stocks turn around then the situation will change.
  14. It's a buy on dip Market.
  15. 15000 is a strong support and any dip can be used to sell 15000 PE June Expiry.
  16. FII's were net buyers whereas DII's were on the sell side.
  17. Monthly Expirys are highly Volatile so trade with caution today.
  18. Nifty might Trade between 15180-15420 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.