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Pre - Market Analysis (1st December 2021)

  1. U.S Markets closed 600 points lower yesterday.
  2. Surprisingly , Asian markets are outperforming Global Markets.
  3. All Asian market futures are trading higher.
  4. SGX Nifty is up 60 points.
  5. Yesterday most of the Retailers have been kicked out of the Market.
  6. Such was the Volatility being witnessed yesterday.
  7. Market is throwing out most of the people now.
  8. In First 15 minutes Nifty rallied 150 points yesterday and about 300 points in first hour.
  9. The pace and momentum at which this happened was mind boggling.
  10. Joe Biden announced that lockdowns were not needed currently.
  11. That bought optimism yesterday.
  12. Then came the news of Moderna.
  13. Moderna announced that Vaccines are less effective against Omicron Variant.
  14. This led to a bloodbath in Global Markets and we started to fall off the highs.
  15. Things get even worser when Jerome Powell said that Inflation is not transitory and we have to live with it.
  16. He gave an indirect indication regarding interest rate increase and reduction of Bond Purchase.
  17. Despite all this our Market has been holding 17000 firmly.
  18. Yesterday I mentioned on my whatsapp status that Markets trend change when there's high Volatility.
  19. I don't think long term Bull Market is ending anyway soon.
  20. I think short term Bearish trend is on a halt now.
  21. I'm not saying Market won't fall from here of course it can.
  22. But I feel 16800 is a short term bottom for the Market for this week at least.
  23. Markets looking highly oversold and a sharp pull back to 17300-17400 could be on the cards.
  24. From then we might start the downtrend again.
  25. Nifty might Trade between 16900 to 17200 today.


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Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso