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Pre - Market Analysis (30th July 2021)

  1. U.S Markets closed higher Yesterday.
  2. Right now Dow Futures are lower.
  3. Asian Markets are down.
  4. Asian Markets like Hang Seng & China recovered yesterday but now both are lower.
  5. SGX Nifty is trading near 15740.
  6. Yesterday we had a normal expiry.
  7. There were no big moves and market was highly rangebound.
  8. For whole of July series our Markets didn't go anywhere.
  9. We closed exactly at the same place we closed in June.
  10. June expiry Nifty was at 15800 and July expiry it's the same as well.
  11. Nifty traded in a very narrow range of 300 points for whole of July.
  12. Bank Nifty within a thousand point range.
  13. Consolidation is good for Bull Market in the Long run.
  14. My only worry is the Stocks are rising but the Earnings ain't catching up.
  15. Bull Market can run and can go high on hope but earnings have to catch up.
  16. If earnings are not catching up it's difficult for the rally to survive.
  17. Be very specific in this Market from now.
  18. Buying Junk Stocks can make you lose what you made in a matter of few weeks.
  19. This Market looks tired to me at higher levels.
  20. We need some trigger to get out of this range.
  21. FII's have been selling for more than 2000 crore on a daily basis.
  22. Market is withstanding the Heat only because of DII's & Retail people.
  23. Option sellers need to be extra cautious in this Market while carrying and selling options.
  24. Premiums and VIX are too low and any sudden news can shoot up the Premiums.
  25. Im applying a mix of sell and buy strategies with primary trade of buy side.
  26. Do not think of selling naked options in this Market.
  27. Nifty might Trade between 15640 to 15820 today.


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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se