Skip to main content

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.
  25. stockmarketadvisory.in

Comments

Popular posts from this blog

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results

Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday.  2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view  19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21.  stockmarketadvisory.in