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Pre - Market Analysis (30th June 2021)

  1. U.S Markets closed higher Yesterday.
  2. Dow futures are slightly positive currently.
  3. Asian Markets are mixed.
  4. SGX Nifty is trading above 15800.
  5. From Last couple of days , we are opening higher but witnessing profit booking during the day.
  6. This is due to FII's.
  7. FII's have been selling consistently since past many days.
  8. DII's and Retail People have been supporting this Market.
  9. Market is not actually bearish but it's been tiring at higher levels.
  10. Some trigger is expected to take the markets higher above 15900.
  11. Next talk of the town in India VIX.
  12. India VIX yesterday firmly broke 13.
  13. Now the option Premiums are very very low.
  14. Even in the Money options are at too little premiums.
  15. This cannot continue for long.
  16. Option sellers now have become very easy and selling very near options.
  17. As and when VIX rises , these will be trapped.
  18. Low VIX also indicates dull Market.
  19. Market is very dull now and Movement is very slow.
  20. Yesterday I slept looking at trading screen as it was too boring.
  21. Nifty has highest open at 15700 PE & 15900 CE.
  22. These levels might act as good support and resistances for this Expiry.
  23. Im selling options even now but for very small targets and short time.
  24. Not holding it for too long and exiting mostly Intraday.
  25. Usually Wednesdays are Volatile and I expect some Volatility to kick in today.
  26. Nifty might Trade between 15700 to 15900 today.


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Pre - Market Analysis (30th Jan 2022)

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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.