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Pre - Market Analysis (4th June 2021)

  1. U.S Markets closed Mildly lower Yesterday.
  2. Nasdaq closed much lower Yesterday.
  3. Asian Markets are also trading lower.
  4. That is the reason of SGX Nifty trading lower by 30 Points now.
  5. Yesterday we had weekly expiry and it was a very stable one after so many weeks.
  6. Maybe this SEBI margin rule has reduced the Volatility due to which there are not big swings life before.
  7. India VIX fell another 10% yesterday.
  8. Now India VIX is close to 15 and below 16.
  9. India VIX below 15 indicates less Volatility and the Bull Market to continue.
  10. Reliance has crossed it's all time high of 2200.
  11. Reliance won't let Nifty fall significantly.
  12. This alone will propell Nifty higher and control the Markets.
  13. Today RBI Policy at 10 AM.
  14. The general Expectation is Status Quo and it's likely to be a non event.
  15. However due to RBI event Bank Nifty might be Volatile for a short span.
  16. Currently , I'm Bullish on Bank Nifty more than the Nifty.
  17. Nifty has already crossed all time high.
  18. Whereas the Bank Nifty is still 2000 Points away from all time highs.
  19. Bank Nifty seems to be a good value play now.
  20. 35500 is a good support on Bank Nifty.
  21. 35000 is the longer term support.
  22. So every dip is a buying opportunity now and Markets look extremely bullish.
  23. Nifty might Trade between 15580-15780 today.


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Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t