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Pre - Market Analysis (6th May 2021)

  1. US markets closed Flat once again.
  2. Asian markets are mostly higher.
  3. SGX Nifty is up 60 points.
  4. This week on Friday Closed at 14630. On Monday it closed at same level after 200 point gap down start.
  5. Tuesday we closed around 14500.
  6. And Yesterday again we closed around 14630.
  7. These consolidation and flat moves is a delight for option writers.
  8. I've mentioned that Nifty might Trade between 14500 & 14800 for this week.
  9. View continues even now.
  10. Todays expiry range is 14500 to 14800.
  11. So If you get to the extremes of the range you can implement contra trades with Stoploss.
  12. FII's & DII's have become net sellers now.
  13. Both are selling heavily.
  14. Still Market keeps inching higher which is surprising.
  15. Today's Covid Cases are at 4.12L which is yet another record high.
  16. India needs to implement complete lockdown to control Covid spread.
  17. This is not said only by me it's said by Experts like Uday Kotak etc.
  18. Positive economic data and tax collections is holding our Markets now.
  19. Always Remember markets work differently from Economy.
  20. A few stocks can hold market higher but the reality will hit someday.
  21. As of now I'm just trading the range and taking straddles & strangles.
  22. Today's gap up can be used 14800 CE with Stoploss according to your risk appetite.
  23. Valuations in some of the stocks cannot be justified now.
  24. Adani Green is trading at 800 PE Ratio which is insane valuation & still investors are crazy over it.
  25. Better be away from Political linked stocks.
  26. RBI Governers speech was a bit positive news for the Markets.
  27. Nifty might Trade between 14500 to 14800 today.


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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.