Skip to main content

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.


Popular posts from this blog

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

SVB Bank crisis Unfolds (13th March 2023)

1. U.S Markets closed lower on Friday. 2. Right now , U.S Futures are higher. 3. SGX Nifty is up 20-40 points. 4. Asian markets are higher. 5. I wasn't able to understand why were the markets crashing on Thursday & Friday. 6. During the weekend the news broke over. 7. SVB Bank which has been termed as the worst crisis since 2018. 8. This is mainly a start up based Bank. 9. This crisis was to happen looking at the start up valuations and findings received. 10. This was anticipated by big players and hence there was intense selling on Thursday and Friday. 11. Sometimes , one doesn't understand a particular move of markets unless news is out. 12. As retailers are the last players to know anything happening. 13. During the weekend , FED ensured and gave assurance that Depositors funds would be safe. 14. No depositors would lose money. 15. That's the reason U.S Futures are higher by more than a percent each. 16. Looking at Technicals , we are trading at the lower

Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like