Skip to main content

Pre - Market Analysis (24th September 2021)


  1. U.S Markets were higher by more than 500 Points yesterday.
  2. Asian Markets and Dow Futures are flat now.
  3. SGX Nifty is Trading near 17850.
  4. Markets have been extremely Volatile for the past week.
  5. Nifty and Bank Nifty were moving almost a percent on a daily basis.
  6. Last Friday Nifty was at 17800 then it fell about 500 Points in 3 sessions and recovered entire losses in remaining 2 sessions.
  7. Nifty expired at almost the same level of Friday's high.
  8. Yesterday was a dream rally for the Bulls.
  9. Due to huge fall in the Market , there was aggressive call writing over the week.
  10. Yesterday all these call writers were trapped.
  11. Plus it was an expiry day so they had no other alternative apart from adjusting Positions.
  12. These aggressive call writers have propelled the Market even higher.
  13. Yesterday I expected some sort of resistance near 17800 as it was the previous high.
  14. Market did consolidate near those levels.
  15. But had crossed during the day.
  16. Maybe due to expiry issues we had such a fantastic rally Yesterday.
  17. Both FII's & DII's were net buyers Yesterday.
  18. I would be very careful to play on the long side from here.
  19. Everything looks good and all good news seems to be factored in.
  20. When all is well , that's when profit booking sets in.
  21. Premiums too are not that attractive for selling options.
  22. 18000 CE has the highest open interest in options.
  23. Nifty might Trade between 17680 to 17920 today.
  24. stockmarketadvisory.in

Comments

Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low to the low for A

Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20.  stockmarketadvisory.in