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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.


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Pre - Market Analysis (18th April 2022)

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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