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Pre - Market Analysis (29th November 2021)

  1. U.S Markets closed 900 points lower on Friday.
  2. Right now Dow Futures and Asian markets are higher.
  3. SGX Nifty is up 80-90 points.
  4. Last Friday was the worst day of the year for all the asset class.
  5. All markets fell and it was a bloodbath.
  6. Equity Markets fell drastically , the pace of the fall was surprising.
  7. India VIX was up 25%.
  8. There was a panic in all markets and all over the World.
  9. Over the weekend there were many positive and negative news over omicron.
  10. I have a noticed one change in trading than I used to do before.
  11. After the popularity of Algo trades , the Volatility is rising exceedingly.
  12. Machines are much faster than humans.
  13. Just placing numbers in machines and then the pace towards down side rises at a rapid pace.
  14. So Stoploss is a must now.
  15. Never stand in front of machines trading.
  16. Frankly speaking , currently I don't have a view on Market.
  17. Market is solely news driven.
  18. The news coming related to Omicron and Vaccines will drive markets for a short term now.
  19. However I feel Market reaction on Friday was too much and the issue of Omicron is not such big.
  20. My only worry for December is FII selling.
  21. FII's are selling non stop as if there is a crisis going on.
  22. The pace and the numbers at which they are selling is blowing out of proportion.
  23. Friday was the start of December series and they have sold heavily in Cash Market , futures and Indices.
  24. This is a worrying data as far as Bulls are concerned.
  25. My shorter range is 17000 to 17250.
  26. One should not be bullish unless we close above 17450 on Nifty.
  27. Until then Nifty is a sell on rise.
  28. So advice for the day is do not get overconfident that a bottom has been made blah blah and don't panic that Nifty would crash from here.
  29. Trade levels , respect stoploss and if confused stay out.
  30. Nifty might Trade between 17000 to 17250 today.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.