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Pre - Market Analysis (21st September 2021)

  1. U.S Markets at one point of time were down 850 Points.
  2. But has recovered 300 Points in last 30 minutes.
  3. Right now , Dow Futures are higher.
  4. SGX Nifty is Trading near 17450.
  5. Hong Kong Markets are at 52 week low.
  6. Dow is down 2000 Points from all time high.
  7. Yesterday it was a highly Volatile session.
  8. Nifty opened lower , recovered during the day and then came severe selling.
  9. Nifty closed towards the lowest point of the day.
  10. Last 30 minutes it was a panic selling in the Markets.
  11. What was more difficult was rising VIX.
  12. Yesterday everything was down except the VIX.
  13. VIX was firmly in Green throughout the day.
  14. This rising VIX created lots of problems for option sellers and Yesterday was a difficult day to handle.
  15. 17500 strike price has the highest open interest.
  16. Lots of straddles have been added here.
  17. 17500 Combined premium is about 230₹.
  18. Option writers expecting 17270 to 17730 range for the Nifty for this expiry.
  19. 17250 is a strong support for our Markets now and 17500 should act as a resistance.
  20. Expecting VIX to come down slightly today.
  21. Nifty might Trade between 17250 to 17500 today 


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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.