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Pre - Market Analysis (1st June 2021)

  1. U.S Markets were closed Yesterday.
  2. Right now U.S Futures are slightly higher.
  3. Asian Markets are mixed.
  4. SGX Nifty is trading near 15600.
  5. Markets are going through a honeymoon period.
  6. Yesterday there a small dip in first 30 mins which had been bought into quite aggressively.
  7. We closed at the highest point of the day Yesterday.
  8. Now it seems that Everybody is Bullish.
  9. That's why I'm a bit worried and feel it's the time to be cautioned.
  10. A 200-300 Point correction can be a good opportunity to go long rather than chasing the rally.
  11. Yesterday as well India VIX closed below 17.
  12. Option premiums are too low now.
  13. Im not interested to sell any weekly options now in such low premiums.
  14. FII's are long over 90% at current levels.
  15. This shows that if any Negative news comes they might book profits and markets might fall.
  16. Reliance was the star of the show yesterday and was up 4%.
  17. Wait for dips to enter into & don't chase this Market.
  18. Bank Nifty offers good risk reward to enter near 35k.
  19. Nifty might Trade between 15460-15680 today.
  20. stockmarketadvisory.in

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