Skip to main content

Pre - Market Analysis (2nd June 2021)

  1. U.S Markets closed Flat Yesterday.
  2. U.S Markets aftee hitting all time highs a Month ago now seems to have gone into Consolidation.
  3. Right now U.S Futures are mindly higher.
  4. SGX Nifty is almost flat.
  5. Yesterday was a Volatile day for our Markets.
  6. Bank Nifty after being up 400 points fell 500 points then recovered 300 then finally closed 200 points lower.
  7. Due to this Nifty was also in a Consolidation phase yesterday.
  8. Today as well I expect the Consolidation to continue.
  9. 15600 , 15700 CE have added high open interest yesterday.
  10. Same was 15500 & 15400 PE have also added good amount of open interest.
  11. As of now the upside seems limited & there's not much downside too.
  12. Coming to Bank Nifty , 35500 CE has added high open interest and on the downside 35000 PE has added good open interest.
  13. We can expect Bank Nifty to be Volatile in this 500 point range.
  14. ITC has declared sub par results yesterday with a dividend of ₹5.75 per share.
  15. ITC has a good weight in Nifty so it will be interesting to see how it performs.
  16. Wednesdays are the penultimate days before expiry so they are likely to be quite Volatile.
  17. Any dip towards yesterday's low on Nifty near 15530-15550 is a buying opportunity.
  18. Same way on the Bank Nifty any dip close to 35200-35300 is a good buying opportunity.
  19. India VIX was slightly higher which shouldn't matter coz Nifty futures closed at significantly higher premium yesterday.
  20. Trade the range that's the plan for today and don't chase rallies nor short the falls.
  21. Take contra trades near the Boundaries.
  22. Nifty might Trade between 15520 to 15680 today.


Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results