Skip to main content

Pre - Market Analysis (8th June 2021)

  1. U.S Markets closed Slightly Negative Yesterday.
  2. Nasdaq closed slightly positive.
  3. Right now Asian Markets are mostly lower.
  4. SGX Nifty is down by 10-20 Points.
  5. Yesterday Markets opened higher and continued the Momentum.
  6. What was a bit surprising about Yesterday's rally was U.S Futures were down Intraday and European Markets were also lower during Market hours.
  7. Still our Markets closed firmly in Green.
  8. Reliance was the outperformed even Yesterday.
  9. Bajaj Finance and Bajaj Finserv both witnessed profit booking due to Cautious view by Managements.
  10. Bank Nifty facing some reistance near 35500.
  11. Bank Nifty will gather steam if we get closing above 35500.
  12. On the lower level 35200-35100 is a good support.
  13. Bank Nifty from quite some time trading within this range.
  14. When Everybody expects an index to go up it generally consolidates.
  15. When these people lose patience and dispose their positions it rallies.
  16. Most of the Technical people expecting Bank Nifty to go higher so it's Consolidating.
  17. Patience to stick to your positions and conviction rewards.
  18. In spite of Global Markets witnessing profit booking Indian Markets are outperforming.
  19. 15700 PE has added large open interest yesterday.
  20. This is in the money option still added huge open interest.
  21. Expecting this level to be a good support for Nifty for coming days.
  22. Nifty might Trade between 15680-15840 today.
  23. Expecting a Rangebound day on Nifty and Bank Nifty with 100-150 Points plus or minus.


Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (16th June 2022)

U.S Markets closed higher Yesterday. Right now Dow futures are higher by 140 points. Asian markets are higher. SGX nifty is indicating a gap up opening. Yesterday as anticipated Fed increased the interest rates by 75 basis points. This is the largest increase since 1994. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%. How long will this relief rally go on is a big question. Our Markets were terrible yesterday. Everybody is shorting left , right and center. Yesterday all Put options premiums raised in last 30 mins. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs. Today we might get some short covering as we open and even head higher. 16000 should be a firm resistance for the day. I won't chase this gap up because when Market reverses it's with great speed. I'll look to short near 15950-15980 with a stoploss of 16020. In Bear markets the rallies sre quite ferocious but again markets make fresh lows. So remembe

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