Skip to main content

Pre - Market Analysis (23rd July 2021)

  1. U.S Markets closed slightly higher Yesterday.
  2. Dow Futures are now flat.
  3. SGX Nifty is almost flat.
  4. Asian Markets are mixed.
  5. Yesterday we witnessed a huge gap up on both the indices and there was a follow through of the rally during the day.
  6. All might have various theories as to why Market fell , why It rose etc.
  7. My Simple understanding we are in a ranging Market on Nifty.
  8. The range is 15550 to 15950.
  9. This is a tight range of 400 points.
  10. Nifty is trading within this range and giving wild moves.
  11. It's been 4 weeks for July series and we have been trading within this range.
  12. Usually Markets make a big move on the last week so we might be in for some surprises.
  13. I do not see reason to be Bearish for traders.
  14. Bank Nifty is the weak link for the Bulls.
  15. Yesterday as well , Bank Nifty rally fizzled out.
  16. We have 2 very important results lined up.
  17. Reliance Industries and ICICI Bank.
  18. Reliance Industries has the leading weightage in Nifty and ICICI Bank has the 2nd largest weightage in Bank Nifty.
  19. Both these results will determine the future course of events for Markets.
  20. Until then I expect Markets to be Rangebound.
  21. Yesterday I pointed out that India VIX should fall and the same has happened.
  22. India VIX crashed 10% yesterday and closed below 12.
  23. Nifty might Trade between 15780 to 15920 today.
  24. In such low premium environment it's better to do Ratio Spreads , Calendar Spreads , Bull & Bear Spreads and avoid selling naked options.
  25. Vega effect is highest in last week of expiry.


Popular posts from this blog

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

SVB Bank crisis Unfolds (13th March 2023)

1. U.S Markets closed lower on Friday. 2. Right now , U.S Futures are higher. 3. SGX Nifty is up 20-40 points. 4. Asian markets are higher. 5. I wasn't able to understand why were the markets crashing on Thursday & Friday. 6. During the weekend the news broke over. 7. SVB Bank which has been termed as the worst crisis since 2018. 8. This is mainly a start up based Bank. 9. This crisis was to happen looking at the start up valuations and findings received. 10. This was anticipated by big players and hence there was intense selling on Thursday and Friday. 11. Sometimes , one doesn't understand a particular move of markets unless news is out. 12. As retailers are the last players to know anything happening. 13. During the weekend , FED ensured and gave assurance that Depositors funds would be safe. 14. No depositors would lose money. 15. That's the reason U.S Futures are higher by more than a percent each. 16. Looking at Technicals , we are trading at the lower

Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like