Skip to main content

Pre - Market Analysis (27th October 2021)

  1. U.S Markets closed flat yesterday.
  2. Right now Asian Markets are lower.
  3. SGX Nifty is flat at 18260.
  4. Yesterday it was a surprise rally in our Markets .
  5. From past 1 week all the gap ups and rallies have been sold into.
  6. Yesterday the Markets reversed and witnessed some short covering towards the end.
  7. Nifty closed at the highest point of the day.
  8. India VIX fell 6%.
  9. It was a dream day for option writers.
  10. Today will be an Equally volatile and difficult day for option writers.
  11. Wednesdays are generally highly volatile and Market turns violently on both the sides.
  12. Yesterday because of some good corporate results Nifty outperformed Bank Nifty.
  13. After Market hours Axis Bank has come out with results and it were better than expectations.
  14. Banking stocks have run up too quick in last week so have to see the reaction of the stock.
  15. 18000 seems to be a strong support now for our Markets.
  16. For November Month as well , highest open interest added at 18000 PE.
  17. Expect Nifty to expire between 18100 to 18350 now.
  18. I had mentioned Nifty had bottomed out at 18050.
  19. On Intraday basis it fell below 18050 for a brief point of time but never closed below the level.
  20. Nifty might Trade between 18100 to 18350 today.
  21. stockmarketadvisory.in

Comments

Popular posts from this blog

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets  9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

Reversal from 20k (24th July 2023)

1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results

Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday.  2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view  19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21.  stockmarketadvisory.in