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Pre - Market Analysis (13th December 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now Dow futures and Asian markets are higher.
  3. SGX Nifty is at 17660 now.
  4. On Friday U.S Inflation data was announced.
  5. The Actual Figure came at 6.8%.
  6. Expected Inflation rate was also at 6.8%.
  7. This was the highest Inflation in last 40 years of U.S history.
  8. Experts were pointing out that if this Inflation rate is announced then the Markets would crash.
  9. All The growth stocks would be hammered.
  10. But on Friday the Markets decided to go higher.
  11. So Markets can be Irrational until one goes bankrupt.
  12. Maybe the Market participants are expecting that due to this Inflation percentage , fed might delay tapering.
  13. Also Fed might postpone interest rate hike.
  14. On Wednesday we have a very important Fed meeting.
  15. Market would be keenly watching this event and Markets might remain jittery till Wednesday.
  16. Right now Nifty is Trading violently between 17400 & 17600.
  17. For 2 Consecutive days Nifty has found support at 17400.
  18. 17600 has been a resistance and Markets have failed to close above it.
  19. Closing decisively above 17600 will indicate further momentum in the Market.
  20. We have resistance at 17700 as well.
  21. So at every 100 points we have resistance for Nifty.
  22. Nifty might Trade between 17480 to 17650 today.
  23. Once 17600 we can expect further momentum to 17700.
  24. Stoplosses for long trades should be at 17484.


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Pre - Market Analysis (18th April 2022)

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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