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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.


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Pre - Market Analysis (18th April 2022)

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Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se