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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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Pre - Market Analysis (13th October 2022)

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.