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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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Nifty hits 17k (15th March 2023)

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SVB Bank crisis Unfolds (13th March 2023)

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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like