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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.


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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.