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Pre - Market Analysis (6th October 2021)

  1. U.S Markets closed higher Yesterday.
  2. Asian Markets were higher.
  3. SGX Nifty right now is at 17780.
  4. Talk of the town is Moody's upgrade.
  5. 2 years ago Moody's had rated a Negative outlook for India.
  6. Yesterday they have changed their stance and have changed it to stable.
  7. This is a positive local news.
  8. Yesterday I had mentioned that any dip due to Global cues should be bought into.
  9. Market opened 30 points lower Yesterday and it was a perfect buying opportunity.
  10. We have crossed important resistance of 17750 on Nifty.
  11. 17750 had the highest open interest in weekly options & these writers had to run for cover Yesterday.
  12. Our Market is fairly strong and every dip is a buying opportunity.
  13. 18000 for the Nifty is on the cards and Market will surprise you on the upside.
  14. Reliance led the rally after 2 pm.
  15. Reliance was up 2% yesterday after 2 pm and this led to large rally.
  16. PSU Bank's especially SBI looks strong and can reach 500 in short term.
  17. India VIX was down another 3% yesterday.
  18. In October series India VIX has fallen each and everyday.
  19. Option writers have been enjoying this but now premiums are not that attractive.
  20. Nifty might Trade between 17720 to 17900 today.


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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

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