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Pre - Market Analysis (26th November 2021)

  1. U.S Markets were closed yesterday.
  2. Some major developments have taken place overnight.
  3. There's a new variant of Corona virus which has been identified in Africa.
  4. Some cases have been found of this variant in U.S as well.
  5. So U.S has banned flights from Africa.
  6. SGX Nifty is indicating a 150 point gap down at open.
  7. But I do not think we are going to open this lower.
  8. India doesn't face any issues due to this Covid variant.
  9. Plus I feel Covid concerns may slow down the pace of tapering by Fed.
  10. This could be a positive for the Markets.
  11. December is a long month with 5 weekly expirys in it.
  12. 17000 PE has the highest open interest in December series on the downside.
  13. So this could act as a good support for whole of the December series.
  14. For Intraday , one should look to buy this gap down with a stoploss of yesterday low ie , 17350.
  15. 17250 is a good support on the lower side.
  16. Now the Market is consolidating between 17250 to 17600 with high Volatility.
  17. This range could go on for a while.
  18. Nifty might Trade between 17350 to 17550 today.


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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