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Pre - Market Analysis (9th September 2021)

  1. U.S Markets closed lower Yesterday.
  2. Dow Jones fell for 3 Consecutive sessions now.
  3. Asian Markets are mostly lower.
  4. SGX Nifty is down by 30-40 Points near 17330.
  5. Yesterday as Expected Markets were highly Volatile.
  6. First half was quiet but in second half there no package announced for Telecom Sector.
  7. Due to this Nifty fell 100 Points Intraday to 17250 but ultimately recovered towards the end of the day.
  8. 17200 to 17500 range stayed intact and trading near boundaries worked well.
  9. Today im Expecting Volatility to continue.
  10. Global Markets are weak but our overall trend is up.
  11. We are in for a long weekend as there is a local holiday tomorrow.
  12. 3 days long weekend traders won't like to carry Positions home.
  13. Both side moves would be there today and not a one sided move.
  14. In this kind of Market it's better to focus on Trading the range.
  15. Yesterday's range was 17250 to 17400 broadly.
  16. Expecting today's range between 17230 to 17450.
  17. If Nifty gaps down towards 17280-17250 I would be looking to sell 17200 PE with a stoploss of 17200 on Nifty Spot levels.
  18. Closer to 17400-17420 I would look to sell 17450 or 17500 CE depending on Premium.
  19. I would not like to trade in next expiry options today because of a long weekend.
  20. I would like to trade in today's expiry options only if Market gives in my range.
  21. Otherwise I would be sitting quiet without doing anything.
  22. Do not force trades specially on Expiry days.
  23. Nifty might Trade between 17220 to 17460 today.


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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.