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

Post a Comment

Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
Post a Comment
Read more

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo
2 comments
Read more

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more