Skip to main content

Pre - Market Analysis (3rd May 2021)


  1. US Futures are slightly Positive.
  2. Asian markets are Negative.
  3. SGX Nifty is down more than 200 points.
  4. By 7.45 it was down 80 Points but now SGX is down more than 200 points.
  5. BJP's defeat in Bengal , Corona Virus cases rising heavily and FII's selling are the reasons for such a big gap down in SGX.
  6. Last week , Nifty rallied from 14150 to 15050 in 4 days.
  7. Next 2 days we are now near 14500.
  8. This is some kind of insane Volatility.
  9. The spikes are okay but the Volatility is too high.
  10. Friday, FIIs have sold for more than ₹3500 crores.
  11. Many States have been resorting to fresh lockdowns.
  12. So the picture doesn't seem good.
  13. Only Positive news is GST Collections.
  14. In spite of issues faced in Economy , Lockdown and Corona Virus GST collections touched another record high of 1.4L crores.
  15. Reliance has announced its results over the weekend and it's in line with the Expectations.
  16. Today Kotak Bank is likely to come up with its results.
  17. Auto Sales numbers were not upto the mark and were weak due to the lockdowns at various status.
  18. Though Maharashtra is showing improvement at Corona front many other states are taking the heat.
  19. Analysing / Predicting the trend is very difficult in this Environment but I feel Nifty should witness some recovery during Intraday.
  20. DII's might also support the Markets at lower levels.
  21. 14200 PE has the highest open interest and 14800 CE has the highest open interest on the higher side.
  22. We might expect a support at lower levels.
  23. Nifty might Trade between 14380 to 14620 today.
  24. stockmarketadvisory.in

Comments

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

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. stockmarketadvisory.in