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Pre - Market Analysis (26th July 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now Dow Futures are lower.
  3. Asian Markets are all in deep red.
  4. This is why SGX Nifty is also negative about 50 points and trading near 15800.
  5. Hang Seng and Chinese markets are down more than 2% each.
  6. This is because Chinese Govt is behind technology gaints.
  7. Ali Baba 6 Months ago was being succumbed to this pressure.
  8. Now other IT companies are also facing he heat.
  9. These local issues should not much impact on our Indian Markets for longer term.
  10. ICICI Bank and Reliance industries declared results over the weekend.
  11. Both these companies are important components and have heavy weightage in Nifty and Bank Nifty.
  12. ICICI Banks profit growth was good and also there wasn't any major lag in Asset Book.
  13. Reliance Industries results were also as per Expectations.
  14. GRM Margins increased due to crude oil prices fall was a cherry on the Cake.
  15. I expect Markets to be rangebound for this week too.
  16. 15500 to 16000 is the range.
  17. Unless some new news comes out of the bloom we should be trading in this range.
  18. Naked Options selling is not advisable considering such low VIX as in the last week Vega effect is at its highest.
  19. I bought 15900 CE at 98 and sold 16000 CE double the quantity at 56.
  20. Strategies like above should be preferred in such scenarios.
  21. Nifty might Trade between 15720 to 15880 today.


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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