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Pre - Market Analysis (23rd June 2021)

  1. U.S Markets closed slightly higher Yesterday.
  2. Right now U.S Futures are trading higher.
  3. SGX Nifty is trading near 15900.
  4. Asian Markets are mostly Positive.
  5. Yesterday we opened higher and we're consolidating in the first half.
  6. Second half we witnessed profit booking near all time highs.
  7. 15900 is acting as some resistance now.
  8. Specially for Bank Nifty all rallies near 35k have been sold into Aggressively.
  9. Bank Nifty from last 3 weeks is Trading near 35k.
  10. I had done 35k Short Straddle in Bank Nifty 2 weeks ago & Exited with 300-400 Points.
  11. Had i been holding till today it would've been 1000+ Points gain.
  12. This is how weak the Bank Nifty is.
  13. Reliance AGM is scheduled on Thursday.
  14. Mota Bhai might come out with some surprises.
  15. Never go against Mota Bhai.
  16. If Nifty has to cross 16k Bank Nifty should start performing and Reliance should less the rally.
  17. To make 16k Possible.
  18. Today is Wednesday and Markets are majorly Volatile specially on Wednesdays.
  19. Plus Premiums are already too low for Monthly Expiry.
  20. Option Writers are adviced to shift for next week's expiry or better exit positions and stay away until tomorrow.
  21. Nifty might Trade between 15760 to 15940 today.


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