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Pre - Market Analysis (30th August 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now , Dow Futures are flat.
  3. Asian Markets are mixed.
  4. SGX Nifty is Trading near 16800 now.
  5. 16700 was a resistance for Nifty.
  6. Market closed Exactly near the resistance on Friday.
  7. Previously as well I've mentioned that Big players generally do not give a chance for Small players to enter in such situations.
  8. Generally when Breakout has to happen it happens with a gap up.
  9. Today it's Exactly the same.
  10. Jerome Powell the U.S Fed Chairman indicated that the Tapering process would begin by the Year end.
  11. Also he Cleverly indicated that Interest rates would not be hiked in near future.
  12. When I was a Child I used to love Chocolates.
  13. So my mother used to add a tiny pinch of Chocolate to Healthy food and make me eat.
  14. Jerome Powell has done exactly the same & Market as of now had a relief.
  15. Tomorrow we have the Most Important GDP data coming up.
  16. U.S Fix on Friday crashed more than 10% and crashed below 16.
  17. India VIX is the range of 12-13.
  18. Historical low for India VIX is 10.
  19. We are almost approaching the Historical low now and Premiums are not attractive.
  20. Option writers have to trade sensibly in such Scenario.
  21. VIX coming down from high is Positive whereas VIX going up from lower levels in Dangerous.
  22. As and when Resistance breaks it becomes a support.
  23. Today if we sustain over 16700 then 16700 can be a good support for this Expiry.
  24. Nifty might Trade between 16700 to 16880 today.


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Pre - Market Analysis (30th Jan 2022)

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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.