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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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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like