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Pre - Market Analysis (14th June 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now U.S Futures are higher.
  3. Asian Markets are also higher.
  4. SGX Nifty is down 40-50 Points.
  5. Reason is due to Suchita Dalal's tweet over the Weekend.
  6. Tweet stated there's some Manipulation going on in a Particular group stock prices.
  7. After the tweet , wise people could easily predict which is the group.
  8. Adani Group Stocks have moved 10X in last 2-3 Years.
  9. When a Stock moves due to Fundamentals etc that's acceptable.
  10. Here Adani Power has debt of 40k crore but Market Cap is at 50k crore.
  11. When Stocks without fundamentals start to fly that's when you should get uneasyness and the party is not likely to continue longer.
  12. I've hinted the same before a Month not to invest in Adani group Stocks.
  13. I don't expect this news however to damage overall market.
  14. This might be restricted only to Adani group Stocks.
  15. This should cause some temporary negative impact but in India you can get away with almost anything when there's money and power.
  16. Same will be the situation here and it will be history in some time.
  17. Bank Nifty is trading in a range.
  18. One day goes higher second day comes down.
  19. Overall it has gone anywhere in last 2 weeks.
  20. Nifty might Trade between 15680 to 15840 today.


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Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t