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Pre - Market Report (4th May 2021)

  1. US markets closed Flat Yesterday.
  2. Asian markets are also Flat.
  3. SGX Nifty is down 20 points.
  4. Markets all over the World are in a Consolidation phase.
  5. Yesterday Nifty opened 200 points lower but closed exactly at same level as of Friday.
  6. This is an option writers delight.
  7. Yesterday's price action suggests that People are ready to buy at lower levels.
  8. Vice Versa people are ready to book profits and sell at higher levels too near 15k etc.
  9. I expect this Consolidation to continue going ahead for few more days.
  10. I have sold 14200 PE & 14950 CE Yesterday.
  11. Both were trading at very good premiums Yesterday.
  12. Premiums are still higher consolidating 3 days left for expiry.
  13. Yesterday India VIX crossed 24.
  14. When VIX is high Premiums are high & so is the Volatility.
  15. That's why even far away options having good premiums now.
  16. We have been trading between 14200 & 15000 and Market has been making big swings within this range.
  17. This Consolidation could go on for a week or so.
  18. FII's have become net sellers whereas DII's continue to support the Market at lower levels.
  19. Covid Cases are gradually reducing and there is a recovery in worst effected states like Maharashtra etc.
  20. Reliance in spite of posting decent results was down Yesterday.
  21. 14800 CE has the highest open interest in weekly expiry which indicates we may find it as a big resistance.
  22. Similarly 14500 PE has the highest open interest in Put options.
  23. Had taken 14800 straddle in the previous expiry and now sitting with almost 200 Points profit per lot in just 4 trading sessions. (23% return Approximately)
  24. 300 Points is nothing for Nifty in this kind of Volatility but expecting Nity to trade within this range for 1-2 days or maybe for this expiry.
  25. Nifty might Trade between 14560 to 14780 today.


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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se