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Pre - Market Analysis (9th June 2021)

  1. U.S Markets closed very flat Yesterday.
  2. Global Markets are in a Consolidation phase from many weeks.
  3. Asian Markets are also flat.
  4. SGX Nifty is also flat.
  5. Yesterday Nifty was very flat but Bank Nifty was the major focus.
  6. There was a good profit booking in Banking stocks.
  7. Bank Nifty was down by 350 points but Nifty closed just 10 points lower.
  8. This is a huge divergence between two indices.
  9. Nifty has rallied from 15200 to 15750 almost 550 points but Bank Nifty hasn't participated at all in the rally.
  10. It is just trading sideways between 35000 to 35500.
  11. FII's were net buyers yesterday and buying was done in good amounts of more than 1400 crores.
  12. DII's booked profit yesterday in the Banking stocks and sold more than 1600 crores.
  13. 35000 is a good support for Bank Nifty and it managed to hold on it yesterday.
  14. As long as Bank Nifty is above 34800 to 35000 I won't be bearish.
  15. This is the time to accumulate positions on dips.
  16. Lot of call writing has taken place due to bearish ness yesterday and short covering will lead to big moves on the upside.
  17. Shorters will add as fuel on the upside.
  18. 15700 PE has the highest open interest in this week expiry.
  19. 15800 CE has the highest open interest among call options.
  20. This is a very narrow range of just 100 points.
  21. Look to buy near 15700 and sell near 15800 with Stoploss.
  22. Range breakdown or breakout be ready for trending move of about 50-100 points on Nifty.
  23. Usually Wednesdays are quite Volatile as it's the day before expiry.
  24. Nifty might Trade between 15660 to 15860 today.


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Pre - Market Analysis (11th April 2022)

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