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Pre - Market Analysis (22nd September 2021)

  1. U.S Markets were higher Yesterday.
  2. Asian Markets and Dow Futures are flat now.
  3. SGX Nifty is Trading near 17500.
  4. Yesterday our Markets recovered all the losses of Monday.
  5. Most Importantly , India VIX fell 6% Yesterday.
  6. Fear has been subsided now for the short term.
  7. U.S VIX fell 10% Yesterday.
  8. Yesterday in the first half our Markets were highly volatile.
  9. Nifty futures fell below 17400 more than 5-6 times during the day.
  10. Yesterday when our Markets were trading , Dow futures were higher by 200 Points.
  11. This subsided the fear in our Markets.
  12. Yesterday it was a highly Volatile session.
  13. For this Expiry each and every day has been highly volatile and uncertain.
  14. Expecting today to be a rangebound day.
  15. As this Expiry has already been volatile , Wednesday might not be that volatile as they used to be.
  16. Both FII's and DII's were net buyers yesterday.
  17. 17500 strike price has the highest open interest in weekly expiry.
  18. 17300 which was the yesterday's low is a good support for us.
  19. 17630 is a strong resistance for this expiry.
  20. I expect Nifty to expire within this range for the this Expiry.
  21. We have a global event lined up tonight that is FOMC meeting.
  22. They would be talking about Tapering etc.
  23. So I advice not to carry heavy positions home for tomorrow.
  24. Nifty might Trade between 17400 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