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Pre - Market Analysis (18th October 2021)

  1. U.S Markets closed higher on Thursday and Friday.
  2. Dow Rallied 1000 Points in these 2 days.
  3. Right now Dow Futures are flat and Asian Markets are lower.
  4. China GDP data was announced today Morning which was below Expectations.
  5. Hence , Asian Markets are under pressure.
  6. SGX Nifty is Trading near 18420 now.
  7. It has been a dream run for our Markets in October.
  8. October 1st low was 17450 and now it's nearly a 1000 Point rally considering SGX.
  9. This rally is without the support of IT index.
  10. Bank Nifty has also witnessed a phenomenal rally of close to 2500 Points for October.
  11. The talking Point over the weekend was HDFC Bank results.
  12. Media has been reporting it's above Expectations but the issue here is Stock has already rallied before results.
  13. Any disappointment found in results would lead to a big fall.
  14. TCS hit fresh ATH before results of 4000 , results were not that bad but the Stock fell.
  15. Move after the results is quite difficult to predict because it's totally onto the Expectations.
  16. This week also has lots of results lined up.
  17. Reliance and ICICI Bank are heavyweights of Nifty and Bank Nifty.
  18. These will be coming with results over the weekend.
  19. Will be interesting to see HDFC Bank's movement post results.
  20. 18500 could act as a stiff resistance today for Nifty.
  21. It's time to be cautious as I feel Market has run up too quick too fast.
  22. 18250-18300 would be good zones to enter into for short term traders.
  23. Nifty might Trade between 18300 to 18500 today.


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1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like