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Pre - Market Analysis (14th October 2021)


  1. U.S Markets closed flat Yesterday.
  2. Right now , Asian Markets are higher.
  3. Dow Futures is higher more than 100 Points.
  4. SGX Nifty is at 18250.
  5. It was a breath taking rally yesterday in our Markets.
  6. Usually Wednesdays are considered to be highly volatile but yesterday was an easy trending day.
  7. All the call writers and short sellers had to run for cover propelling the Market higher.
  8. Generally the gap ups do not sustain but once momentum continues it can go far.
  9. Chasing today's gap up is not advisable.
  10. We have already 200+ Points yesterday.
  11. Let Market come near 17150-17200 to enter once again.
  12. At October beginning , when Nifty was at 17550 I said that low of 17450 would be a bottom for our Markets.
  13. At least for October series.
  14. There's no looking back since then.
  15. Infosys results were above the street expectations.
  16. Infosys ADR closed 4% higher in U.S.
  17. Today we can expect 2-3% gap up in Infosys.
  18. Yesterday U.S Fed has indicated of beginning the taper tantrum process from November gradually.
  19. 18200-18300 should be the range for the day.
  20. 18000 is a strong support on the downside.
  21. I have sold 18000 PE yesterday for current week , for next week as well as Monthly expiry.
  22. Nifty might Trade between 18150 to 18320 today.
  23. stockmarketadvisory.in

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