Skip to main content

Pre - Market Analysis (28th May 2021)

  1. U.S Markets closed significantly higher Yesterday.
  2. This was due to Jobless claims report which was favourable.
  3. Asian Markets are mostly trading higher.
  4. SGX Nifty is up by 40,50 points close to 15460.
  5. Yesterday was the end of May series and it was a fantastic month for the Bulls.
  6. Markets for the last 3 Months have been in a Consolidation mode after rallying April to December.
  7. Today is the start of June series and if we open as SGX Nifty indicates then on Intraday basis itself we might test all time highs on Nifty.
  8. Bank Nifty has a long way to go for its all time highs and that's the reason I'm more Bullish on Bank Nifty than on Nifty.
  9. Yesterday Bank Nifty broke out of 35k where there were lot of option sellers who sold 35000 CE.
  10. This led to big short covering towards the end of the day.
  11. SBI contributed to the short covering rally and was up 4% yesterday.
  12. SBI is close to its all time high of 430 now & if once this breaks then there would be no stopping for SBI.
  13. June Month has no holidays unlike May having 3-4 public holidays.
  14. So June is going to a long 4 weeks month.
  15. 15000 is a strong barrier for our Markets now.
  16. There's no reason to be bearish and Markets should rally more from here.
  17. However sudden profit booking of 1-2% cannot be ruled out.
  18. Use dips to sell Put options or to buy into the Market.
  19. Bank Nifty has more steam left than Nifty now.
  20. I would advice not to chase today's gap up and wait for 50-80 point dip on Intraday basis to get into the bus.
  21. There has been high addition of open interest at 15000 PE.
  22. More often than not such gap ups are sold into.
  23. Nifty might Trade between 15320-15540 today.
  24. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
Post a Comment
Read more

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo
2 comments
Read more

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more