Skip to main content

Pre - Market Analysis (2nd September 2021)


  1. U.S Markets closed flat Yesterday.
  2. Asian Markets are lower currently.
  3. Dow Futures are mildly lower.
  4. SGX Nifty is Trading at 17100.
  5. Yesterday the frontline indices closed lower after continued 3 trading days of upswing.
  6. This was on the cards & expected.
  7. After such a fanstastic rally , Market participants would prefer to book profits.
  8. Yesterday was just a normal profit booking day.
  9. Infact Yesterday's profit booking is very good for the Bull Market in long term.
  10. Markets cannot keep going up without pause.
  11. Intermittent pause and profit booking keeps it healthy for longer term.
  12. Auto Companies have been posting disappinting numbers.
  13. Hero Moto Corp reported 22% sales decline in two wheeler segments.
  14. GDP number reported was at par with Expectations.
  15. There were no surpirses nor disappointments on that front.
  16. Yesterday I mentioned the Expiry range between 17000-17250 & that worked very well for Yesterday.
  17. Continue with the similar view even for today.
  18. Expecting the Consolidation to continue for today as well.
  19. I've sold 17000 PE and 17250 CE at 20₹ each Yesterday.
  20. Expecting both to go to Zero by day end.
  21. Nifty might Trade between 17000 to 17250 today.
  22. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
Post a Comment
Read more

Finale Expiry Week (19th May 2023)

1. U.S Markets closed  higher yesterday.  2  Right now , Dow Futures are slightly higher. 3. SGX Nifty is higher by 40-50 Points. 4. Asian Markets are higher. 5. Yesterday was a strange trading day. 6. I say strange because SGX Nifty pre market was showing 30-40 point gap up opening. 7. Nifty opened around 120 points higher. 8. This was a huge gap up out of nowhere. 9. So naturally it was an excellent shorting opportunity.  10. The Volatility again yesterday was super high. 11. Nifty tested the previous day low of 18100 once again yesterday.  12. There was an intense selling during the last 30 minutes yesterday.  13. Surprisingly,  INDIA VIX hasn't inched higher in last 3 days of extreme sell off. 14. This shows that there is lesser panic in the markets right now.  15. Currently,  we have a good risk - reward trade opening up on Nifty. 16. 18100 looks as a double bottom being made on Nifty for the short term. 17. There are fever indications for the same  18. One could g
Post a Comment
Read more

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack
Post a Comment
Read more