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Pre - Market Analysis (1st October 2021)

  1. U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
  2. Asian Markets are lower.
  3. SGX Nifty is Trading near 17450.
  4. September was a very Good Month compared on close to close basis.
  5. Nifty rallied 900 Points in September.
  6. Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
  7. Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
  8. On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
  9. Generally , gap downs due to Macro news offer a good opportunity to buy into.
  10. I'm Expecting the same for today.
  11. This gap down is a good buying Opportunity for short term traders and long term investors.
  12. October series I'm Expecting a positive situation for our Markets.
  13. Auto Sales data are going to come out today.
  14. I do not expect them to very good and that seems to be priced into the prices.
  15. Markets have been highly volatile from last 10 trading sessions.
  16. I expect Volatility to reduce today.
  17. Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
  18. 17400 should be a good support for the day.
  19. Advisable to sell 17000 PE weekly expiry on today's gap down.
  20. Nifty might Trade between 17400 to 17700 today.
  21. stockmarketadvisory.in

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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. stockmarketadvisory.in