Skip to main content

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.


Popular posts from this blog

Pre - Budget Analysis (1st Feb 2022)

U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud

Pre - Market Analysis (17th Feb 2022)

U.S Markets closed flat yesterday. Right now Dow futures are slightly lower. Asian markets are slightly higher. SGX Nifty is near 17380. Suggesting a flat start for the day. Yesterday was a heavy Volatile session. Markets have moved all over the place yesterday. At one point of time Nifty rallied and at one point of time we were ready to cross 17500. Then news of Russia came that Russia has not fully taken back their military troops. This led to a drastic fall in the last 2 hours. Nifty crashed all the way to 17300. India VIX came to positive. U.S Markets at one point of time were down quite significantly yesterday. But later during the day they have recovered most of their losses. Most importantly , U.S VIX fell 5% yesterday. Here as well we can hope markets to stabilize and VIX to collapse. Premiums are quite attractive considering only 6.days left for expiry  1000 points away put options are also trading at 20-25 rs premium. These put option buyers you know are crazy peo

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is