Skip to main content

Pre - Market Analysis (4th October 2021)

  1. U.S Markets closed higher on Friday.
  2. Asian Markets are lower.
  3. SGX Nifty is Trading near 17560.
  4. On Friday Night SGX Nifty was indicating an Opening near 17650.
  5. Today Morning there was a news that China bans Trading of Evergrande shares in Stock Exchange.
  6. As the Company defaults debt obligation payment.
  7. This led to panic selling in China and Hong Kong.
  8. HDFC reports a 135% increase in the Loan Book and that's a staggering number.
  9. I feel HDFC twins have been bottomed out and should go higher from here.
  10. FII's turned into net buyers on Friday though the figure was small.
  11. DII's continue to support the Market at lower levels.
  12. Unless there's any significant news out of the Blue I feel 17450 is a short term bottom for our Markets.
  13. Nifty fell 500 Points from 17950 all the way to 17450.
  14. Corrections of 500 Points have been bought into very aggressively in the past.
  15. Also I expect corporate results to be above Expectations for this Month.
  16. This effect will be felt from Next week as results will start coming in from 8th October.
  17. Accenture has declared very good results and that should cause positive sentiment in IT stocks.
  18. Buy on dips should be the strategy from here.
  19. Nifty might Trade between 17500 to 17700 today.


Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday.  8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday.  10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility.  13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday.  18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday.  20. So clearly there was valuation over hang which is gettin

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke