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Pre - Market Analysis (17th September 2021)

  1. U.S Markets closed higher Yesterday.
  2. Dow futures are almost flat.
  3. Asian markets are shining in Green.
  4. SGX Nifty is near 17700.
  5. It's the same Old Story today as well.
  6. Same old Story of a Classical Breakout and Trapped all the Short Sellers.
  7. Now there is no stopping for the Market.
  8. The new story is of Bank Nifty.
  9. Bank Nifty had the highest call writing at 37000 CE and soon as this got taken out , there was a fantastic rally.
  10. Nifty is already in a Bull run of its own and now if Bank Nifty joins , the party would be much bigger.
  11. Right now I see many People still Bearish and expecting Market to crash.
  12. We handle 100+ Accounts of various clients and whenever we go long 20% of them text us to buy put options as Markets would crash.
  13. We trade according to our plan and not according to views of Individuals.
  14. So they buy Put Options themselves and blow up their Accounts.
  15. The point I'm trying to make here is , as long as these bears exist in the Market we will keep going higher.
  16. When every Bear turns into a Bull that's when correction begins.
  17. Market doesn't go up everyday by fresh buying and doesn't go down everyday by selling.
  18. Market in short term goes higher due to short covering and corrections begin due to long unwinding.
  19. We had such a stellar rally in Nifty in Bank Nifty in last 2 days not due to fresh buying but due to short covering and due to call excessive call Writing.
  20. I have already mentioned yesterday not to short this Market and burn your fingers.
  21. Put Options look very cheap but what's the use of buying it when it goes to Zero 9 times out of 10.
  22. Stay on the long side , play the trend and just identify good buying zones to enter into.
  23. Yesterday Market has test the support of 17500 and rallied from these levels.
  24. I have sold Puts of 17350 and below as my Stoploss was 17400.
  25. Now as Market keeps going higher I would be shifting Put options to higher strikes and revising my Stoploss.
  26. Nifty might Trade between 17580 to 17740 today.


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Pre - Market Analysis (18th April 2022)

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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