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Pre - Market Analysis (1st September 2021)

  1. U.S Markets closed flat Yesterday.
  2. Asian Markets are higher now.
  3. Dow Futures are higher.
  4. SGX Nifty is Trading near 17150.
  5. Yesterday Nifty broke out of 17k.
  6. From past many Months I've been observing that Market makes a big move in first two weeks.
  7. Last few weeks there's Consolidation.
  8. This Month is no different.
  9. September expiry is a long expiry of 5 weeks.
  10. In the first week itself Nifty has witnessed almost 500 points rally.
  11. Bank Nifty did not participate in Yesterday's rally.
  12. India VIX was up 10% Yesterday even when Markets were roaring higher.
  13. This proves the fact that VIX doesn't rise only in falling Market.
  14. Even in rising Market , if Market goes up too fast in too less time then Call writers will be trapped.
  15. They would then look for cover to cut losses.
  16. This takes Market even higher.
  17. 17000 CE had the highest Open interest in weekly expiry.
  18. As soon as we breached 17k we witnessed a massive short covering.
  19. Today I expect a Consolidation on Nifty with slightly positive bias.
  20. Yesterday I mentioned that After GDP data Market might cross 17k.
  21. This turned out be wrong as Market crossed 17k Yesterday itself.
  22. Nifty might Trade between 17000 and 17250 for this Expiry & today as well.


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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.