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Showing posts from July, 2021

Pre - Market Analysis (30th July 2021)

U.S Markets closed higher Yesterday. Right now Dow Futures are lower. Asian Markets are down. Asian Markets like Hang Seng & China recovered yesterday but now both are lower. SGX Nifty is trading near 15740. Yesterday we had a normal expiry. There were no big moves and market was highly rangebound. For whole of July series our Markets didn't go anywhere. We closed exactly at the same place we closed in June. June expiry Nifty was at 15800 and July expiry it's the same as well. Nifty traded in a very narrow range of 300 points for whole of July. Bank Nifty within a thousand point range. Consolidation is good for Bull Market in the Long run. My only worry is the Stocks are rising but the Earnings ain't catching up. Bull Market can run and can go high on hope but earnings have to catch up. If earnings are not catching up it's difficult for the rally to survive. Be very specific in this Market from now. Buying Junk Stocks can make you lose what you made in a

Pre - Market Analysis (29th July 2021)

U.S Markets closed lower Yesterday. Right now Dow Futures are slightly down. Asian Markets like Hang Seng & China recovered yesterday but now both are lower. SGX Nifty is trading near 15740. Yesterday our Markets were highly Volatile. Most astonishing point was that Market has been recovering from big falls. We haven't broken important support of 15500. So this range might continue for long from 15500 to 16000. Today we have monthly July expiry and as of now July was flat. We might expect some big Volatile expiry moves today in 2nd half. FII's have been regularly selling for more than 2000 crore on a daily basis. Yesterday we had Fed event and there wasn't any change in interest rates. So this has become a Non - event for the Markets. My view has become mildly bearish on the Markets and I don't expect Nifty to cross 16k in August series. That's because of Poor Corporate results and earnings. Maybe FII's are selling due to the same. All the Large

Pre - Market Analysis (28th July 2021)

U.S Markets closed lower Yesterday. Right now Dow Futures are also flat. Asian Markets are very Volatile. Particularly Hang Seng and Chinese. As of now it looks like the fall has been stabilized over there. SGX Nifty is Trading near 15800. Earnings season in U.S has been particularly good. Many companies have declared fantastic results. This is not the case in India. Indian Companies have majorly declared poor results and below expectations. Majority of the Stocks have fallen after declaring results. Yesterday Doctor Reddy fell by 10% Intraday due to poor results. Doctor Reddy 4950 PE went from 0.25₹ to 196 yesterday which is 1,20,000% higher. That's why I always advice to avoid Stocks and stick to Indices , Nifty and Bank Nifty. I know some People who sold Put options of Dr reddy and they have gone bankrupt. Those leverage traders who were long also faced big losses.  Stocks tend to be Highly Volatile and one needs to be highly careful. 15800 CE on Nifty has the highes

Pre - Market Analysis (27th July 2021)

U.S Markets at one point of time were 300 points but recovered towards the end of the day. Right now Dow Futures are lower. Asian Markets are under pressure. This is because Chinese Govt is running behind technology companies. Yesterday Chinese and Hong Kong markets fell significantly and now Chinese futures are lower. SGX Nifty is trading near 15900. Yesterday in spite of such Global turbulence , our markets performed extremely well. Infact Indian Markets outperformed other Asian Markets yesterday. In spite of Such huge FII selling , DII's and retail people continue to support the Market. ICICI Bank results were up to the Mark and that changed Bank Nifty view. After HDFC Bank results , Bank Nifty view was Bearish but now it has become neutral. I expect rangebound Market to continue for this week. 15600 to 16k continues to be the range on Nifty. 34500 to 35500 on Bank Nifty. Infosys hit fresh all time high Yesterday. Perhaps the foreign investors might have dumped Chine

Pre - Market Analysis (26th July 2021)

U.S Markets closed higher on Friday. Right now Dow Futures are lower. Asian Markets are all in deep red. This is why SGX Nifty is also negative about 50 points and trading near 15800. Hang Seng and Chinese markets are down more than 2% each. This is because Chinese Govt is behind technology gaints. Ali Baba 6 Months ago was being succumbed to this pressure. Now other IT companies are also facing he heat. These local issues should not much impact on our Indian Markets for longer term. ICICI Bank and Reliance industries declared results over the weekend. Both these companies are important components and have heavy weightage in Nifty and Bank Nifty. ICICI Banks profit growth was good and also there wasn't any major lag in Asset Book. Reliance Industries results were also as per Expectations. GRM Margins increased due to crude oil prices fall was a cherry on the Cake. I expect Markets to be rangebound for this week too. 15500 to 16000 is the range. Unless some new news come

Profit & Loss Statement of our Account Handling Member.

Investment - 16.8 lakhs Profit - 5.07 lakhs Return - 30% Approx (15% Monthly) Time frame - 2 Months in Active Trading (Approx) Not Traded for 3 weeks due to Capital Requirements by the Client. Thank You MR. Himanshu for allowing us to share the status of your Account. ( Joined us on 15th April) 1 Month Statement was already shared Previously. Sharing Complete statement till date now. You can download the Statement below. https://drive.google.com/file/d/1wLcw8s1zUaB497PWvxSexLJOl-X_iJed/view?usp=drivesdk

Pre - Market Analysis (23rd July 2021)

U.S Markets closed slightly higher Yesterday. Dow Futures are now flat. SGX Nifty is almost flat. Asian Markets are mixed. Yesterday we witnessed a huge gap up on both the indices and there was a follow through of the rally during the day. All might have various theories as to why Market fell , why It rose etc. My Simple understanding we are in a ranging Market on Nifty. The range is 15550 to 15950. This is a tight range of 400 points. Nifty is trading within this range and giving wild moves. It's been 4 weeks for July series and we have been trading within this range. Usually Markets make a big move on the last week so we might be in for some surprises. I do not see reason to be Bearish for traders. Bank Nifty is the weak link for the Bulls. Yesterday as well , Bank Nifty rally fizzled out. We have 2 very important results lined up. Reliance Industries and ICICI Bank. Reliance Industries has the leading weightage in Nifty and ICICI Bank has the 2nd largest weightage in

Pre - Market Analysis (22nd July 2021)

U.S Markets closed lower by 750 Points on Monday. On Tuesday it recovered 500 points. Yesterday by another 300 points. So entire loss due to Delta Virus Variant panic selling has been recovered. Asian Markets are now Trading higher. SGX Nifty is indicating a big gap up 130 points. This is a big gap considering expiry today Indian Markets highly Underperformed World Markets for the last 2 sessions. Bank Nifty was the worst. Bank Nifty fell 1400 Points from the top in just 2 trading sessions. This was majorly due to HDFC Bank results. This pulled down Market to the lower end of the range and now this gap up will make things more interesting. There has been huge call writing near 15650 CE and 15700 CE. If Market opens as SGX indicates and we sustain at these levels for first hour then today we might witness big rally. Huge shorts are built in over the fall and these would run for cover. 15600 is a very good support for today. 15800 might act as a resistance for the day. We mig

Pre - Market Analysis (20th July 2021)

U.S Markets closed lower Yesterday. At one Point of time Dow Jones was down 900 Points. SGX Nifty hit a low near 15600. Right now U.S Futures are higher and SGX Nifty is now near 15730. Severe selling going on in World Markets. This is Majorly due to Covid fear. U.S has been reportedly presenting increased numbers for Covid and also Europe. Most of the Vaccinated Population country facing covid issues again is a sign of worry. Due to this reason world Markets start to fall. Plus our Election season upto now hasn't been that Great. Mainly the results of HDFC Bank. HDFC Bank profit increase of 16% looks good at first glance. When one analyses deep the increase in NPA numbers were shocking. Plus the impact on revenue due to stoppage of credit cards by RBI is taking a hit. Clearly the Bank is missing "Aditya Puri" their EX - Head. HDFC Banks weak numbers inititated fear and panic selling. This also leads to Expectations that other Bank numbers wouldn't be that

Pre - Market Analysis (9th July 2021)

U.S Markets closed lower Yesterday. Dow futures are slightly lower now. Asian Markets are mixed. SGX Nifty is Trading near 15670. Yesterday we witnessed a huge profit booking during the day. Expiry related issues also contributed to the downfall. Expiry related issues means those trading in weekly options have to square up their positions the same day. Thus leading to further fall. A Positive which we had Yesterday was Nifty didn't break crutial level of 15700. 15700 was managed to hold yesterday. From last 4 weeks Nifty is trading within 15700 to 15900. This is a very narrow range. Yesterday we fell due to Global Markets jitter. Delta variant cases are growing much faster than expected. Some Asian Countries have announced higher restrictions due to the same. Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove. TCS has declared results yesterday and are good at first sight. India VIX shot up 11% yesterday. Volatility is lik

Pre - Market Analysis (8th July 2021)

U.S Markets closed higher Yesterday. Dow futures are slightly lower now. Asian Markets are mixed. SGX Nifty is Trading near 15840. Yesterday Night SGX Nifty touched 15900 briefly. Expecting a ranging expiry today as well. 15900 CE has the highest open interest among call options so this will act as huge resistance. 15800 PE has highest open interest. So expecting markets to trade within this range. Bank Nifty yesterday took support at 35500 and bounced back sharply from those levels. Any dip towards 35500 should be bought into for Bank Nifty. I would like to buy into today's dip at open. Clean Science IPO is a recommendation from our side. Company has reasonable valuations with strong growth prospect. You can apply into this IPO both for listing gains as well as Long term. Auto Sector to perform Negative due to Semi Conductor shortage. This is Temporary. So long term investors can invest into dips in Auto Sector  Nifty might Trade between 15760 to 15900 today. Bank Nift

Pre - Market Analysis (7th July 2021)

U.S Markets closed lower Yesterday. Dow futures are slightly lower now  Asian Markets are mixed. SGX Nifty is Trading near 15780. Corporate results have started to kick in for Indian Corporates. Titan has come up with fantastic results yesterday. In spite of 2nd wave issues results were exemplary. Yesterday the star of the show was HDFC bank. Everybody is aware of HDFC Bank holding the highest weightage in Bank Nifty. HDFC Bank at one point of time alone contributed 350 point gain Yesterday. As I've been mentioning to sell Nifty near 15900 and buy near 15700. The same continued yesterday. Nifty failed to cross it's important resistance of 15900. 2nd half witnessed a heavy sell off by the FII's. Tata Motors was down 10% yesterday. Stock hit lower circuit yesterday as company expressed concerns over Chip shortage. Wednesdays are the day before expiry and generally it's expected to be Volatile. On a close to close basis we might close mostly flat. Intraday Vola

Pre - Market Analysis (6th July 2021)

U.S Markets closed yet at another record high Yesterday. Dow futures are slightly positive currently. Asian Markets are mixed. SGX Nifty is Trading near 15800. It seems like U.S Markets have finally broke out of the consolidation. The Momentum on the upside has begun. Our Markets have still been Consolidating. Yesterday we witnessed a fresh rally in our Markets. This was largely due to Domestic Institution buying and FII short covering. Still I feel we will consolidate and chop around. I do not see Indian Markets crossing 15900-16k for this Expiry. One should trade the range now. Range is 15700-15900 on Nifty. When we get to lower end that's the time to buy. Near upper end is the time to sell. Be satisfied with small gains if you are an option buyer. Even 30-40% on the option is a great performance In this Market. Waiting for the option to become 2X -3X invites trouble. Bank Nifty looks weak and resistance might kick in at 35400-35500. Nifty might Trade between 15700 to

Pre - Market Analysis (5th July 2021)

U.S Markets closed yet at another record high Yesterday. Dow futures are slightly positive currently. Asian Markets are higher. SGX Nifty is Trading near 15820. U.S Jobs Data has come above Expectations. U.S added more jobs than Expected and that data has come on Friday. Due to this U.S Markets closed at fresh highs. Our Markets have been consolidating from quite some time now. Last 1 Month we have been trading in a narrow range on Indices. I expect the range to continue for this week too. From next week the Corporate results start kicking in. This will propell some higher move in indices. Friday we had a good short covering towards end of the day. Those who have shorted throughout the week were in good gains. They didn't wish to carry positions over the weekend. They squared off their positions. This has led to short covering towards day end and markets closed higher after 5 days negative closing. Nifty might Trade between 15700-15900 today. I would not buy this gap up

Pre - Market Analysis (2nd July 2021)

U.S Markets closed yet at another record high Yesterday. Dow futures are slightly positive currently. Asian Markets are higher. SGX Nifty is Trading near 15750. From Last 4 days , Markets have been going higher in the first half or opening with gap up. Yesterday too we had a small gap up but was heavily sold into through out the day. Yesterday was the 4th Consecutive day where markets closed lower FII's are on a selling spree and have sold more than 1000 crores on a daily basis since a week now. DII's keep supporting the market at lower levels. Our Market isn't bearish and is still Consolidating. Range now has been 15700 to 15900. This is the near term range and larger range is 15500 to 16000. Within this range Market is trading with some swings. Yesterday was one of the flat expirys ever. Bank Nifty traded in 200 point range whereas Nifty in 50 point range. Option sellers had a good day yesterday. As premiums are too low now this is reducing Volatility too. Opt

Pre - Market Analysis (1st July 2021)

U.S Markets closed at another record high Yesterday. Dow futures are slightly positive currently. Asian Markets are mostly lower. That's the reason SGX Nifty is almost flat. From Last 3 days , Markets have been going higher in the first half or opening with gap up. Throughout the day and majorly in second half selling starts. FII's have been selling aggressively since quite some time now. DII's however on the other side have been pummping huge funds to support at lower levels. In spite of FII's more than 1000 crore on a daily basis , our Markets are just a percent away from record highs. (Nifty) Bank Nifty looks in a very indecisive zone since quite some time. Bank Nifty has been trading near 35k since quite some time now. I've taken December 35k Straddle for Bank Nifty and sitting with around 400+ points profit per lot. Auto Sales data is expected to arrive today. Auto Sales data might be slightly higher than previous month. This might be due to the par