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Pre - Market Analysis (29th July 2021)

  1. U.S Markets closed lower Yesterday.
  2. Right now Dow Futures are slightly down.
  3. Asian Markets like Hang Seng & China recovered yesterday but now both are lower.
  4. SGX Nifty is trading near 15740.
  5. Yesterday our Markets were highly Volatile.
  6. Most astonishing point was that Market has been recovering from big falls.
  7. We haven't broken important support of 15500.
  8. So this range might continue for long from 15500 to 16000.
  9. Today we have monthly July expiry and as of now July was flat.
  10. We might expect some big Volatile expiry moves today in 2nd half.
  11. FII's have been regularly selling for more than 2000 crore on a daily basis.
  12. Yesterday we had Fed event and there wasn't any change in interest rates.
  13. So this has become a Non - event for the Markets.
  14. My view has become mildly bearish on the Markets and I don't expect Nifty to cross 16k in August series.
  15. That's because of Poor Corporate results and earnings.
  16. Maybe FII's are selling due to the same.
  17. All the Large Cap stocks have fallen after results.
  18. Kotak Bank yet again declared very poor results.
  19. Bank Nifty has been underperforming due to same.
  20. HDFC Bank & Kotak Bank both constitute about 40%of Bank Nifty and both have declared below par results.
  21. Bank Nifty rallying in these situations isn't permissible.
  22. Nifty might Trade between 15550 to 15820 today.
  23. Big range today due to expiry.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.