Skip to main content

Pre - Market Analysis (17th June 2021)


  1. U.S Markets were down 400 Points at one point of time.
  2. But it recovered half of it gains Intraday.
  3. Right now U.S Futures are lower.
  4. Asian Markets are also lower.
  5. SGX Nifty is down 100 points.
  6. This is bacause Fed has indicated to increase the interest rates.
  7. Interest rate hike is negative for Equity Market as money shifts from Equity Market to the Bond / Debt Market.
  8. Today we have weekly expiry and considering expiry this gap is huge.
  9. Yesterday also we fell and today's dip is also a significant correction already.
  10. This dip is a buying Opportunity and we might recover Intraday.
  11. 2nd half may turn out to be Volatile due to Expiry related issues etc.
  12. Yesterday I said I'm Expecting profit booking in near term.
  13. Exactly this has happened in next 2 days.
  14. Such Corrections are good for the long term growth of Bull Markets and offer buying Opportunity.
  15. 15600 is a strong support for today's Expiry.
  16. Bank Nifty has good support around 34800.
  17. These levels should hold on to in the first half.
  18. Second half based on Market Momentum positioning needs to be done.
  19. Nifty might Trade between 15600 to 15780 today.
  20. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more