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Pre - Market Analysis (24th 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 15750.
  4. Asian Markets are mostly Positive.
  5. Yesterday we opened higher and were consolidating in the first half.
  6. Second half witnessed good profit booking due to Bank Nifty Underperforming.
  7. Bank Nifty has huge open interest at 35000.
  8. This would be a stiff resistance for today.
  9. Option Premiums are too low already.
  10. This is because India VIX is Trading below 15.
  11. In Spite of such low Premiums option sellers are confident to sell options.
  12. Risk is if any sudden news or move comes then premiums can rise significantly in no time.
  13. Another point I wish to mention is Small Cap and Midcap stocks a major chunk is highly Overvalued.
  14. The IPO's which came before had unreasonable valuations but most of them have been corrected.
  15. Some correction is due still.
  16. When Stocks without Fundamentals start to go up that's when you start to worry.
  17. If you have invested anywhere in last 1 Year most probably you made money as most of the stocks have gone higher.
  18. Now Dynamics have changed.
  19. This will be a Stock pickers market from now.
  20. Those who can choose fundamentally and technically sound stocks only can make money.
  21. Nifty might Trade between 15680 to 15880 today.
  22. stockmarketadvisory.in

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