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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 (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