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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.


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