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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 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