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Pre - Market Analysis (18th August 2021)

  1. U.S Markets closed lower Yesterday.
  2. This is due to Tensions floating in Afghanistan.
  3. Asian Markets were negative yesterday during the Trading hours.
  4. Now , all of them have recovered.
  5. SGX Nifty is Trading around 16650.
  6. It is safe to say that Indian Markets are outperforming the Global Markets.
  7. August series continues to be dominated by the Bulls.
  8. Yesterday evening , a news emerged that RBI has allowed HDFC Bank to issue Credit Cards.
  9. HDFC Bank has been underperforming from quite a long time due to RBI restriction.
  10. This temporary lift of Ban might trigger some Positivity in the Stock.
  11. Bank Nifty might outperform today as HDFC Bank has the highest weight in Bank Nifty.
  12. Lot of calls have been written at 16600 and 36k for Bank Nifty.
  13. Yesterday's last 30 mins rally in the Markets have caused a trouble for these people.
  14. 16500 straddle also has the highest open interest.
  15. So if Market sustains the Positivity we might see unwinding of these Call writers which will further take the Market higher.
  16. Premiums are already too low so one can shift to monthly expiry contracts.
  17. IT sector has outperformed yesterday and it should continue the momentum.
  18. Bank Nifty is the key today , if Bank Nifty sustains above 36100 then this will carry Nifty single handedly.
  19. Nifty might Trade between 16520 to 16700 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

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso