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Pre - Market Analysis (20th September 2021)

  1. U.S Markets closed lower on Friday.
  2. Right now , Dow Futures are Negative.
  3. SGX Nifty is near 17450.
  4. Global Markets are jittery due to Evergrande loan Default case.
  5. Evergrande company is China based real Estate Company and is one of the largest in the World.
  6. There has been news floating around that they have been defaulting on loan dues.
  7. Due to which the Global Markets are jittery.
  8. On Friday Nifty touched 17800 but soon we witnessed a heavy profit booking.
  9. This might be due to the Weekend as traders don't wish to carry Positions over the Weekend.
  10. Today's gap down might be lower than what SGX is indicating.
  11. SGX doesn't show the exact situation most of the times.
  12. In the past when such gap downs happened we have recovered during the day.
  13. Today as well I feel the same.
  14. 17450 is a strong support for Nifty and as long as we hold on to this level one should consider buy on dip.
  15. India VIX closed higher on Friday and it's likely to open higher today as well.
  16. We might not fall much in line with Global Markets today.
  17. DII's were net sellers on Friday but FII's were buyers.
  18. If we breach 17450 on Nifty then I will turn bearish.
  19. Bank Nifty is showing strength and on Friday it closed Positive.
  20. Kotak Bank is outperforming in Banking Sector.
  21. Nifty might Trade between 17450 to 17650 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