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Pre - Market Analysis (28th December 2021)

  1. U.S Markets closed higher yesterday.
  2. S&P 500 hit a fresh all time high.
  3. SGX Nifty is trading at 17200.
  4. Both the U.S Market futures and Asian markets are slightly lower now.
  5. Yesterday it was a highly volatile day.
  6. Nifty fell nearly to 16800 in first hour.
  7. Then shot up nearly 250 points from lows to close at 17100.
  8. Today another 100 point gap up is on cards.
  9. So the Market is making life highly difficult for positional traders.
  10. Intraday traders finding it a bit easier to handle the same.
  11. FII's have sold just over 1000 crores yesterday.
  12. Because of year end there are very low volumes of indices and stocks 
  13. Any small sell / buy order is creating large moves.
  14. RBL Bank panic caused the first hour selling yesterday.
  15. But immediately the Market saw some stability at lower levels.
  16. This huge gap up today I don't think could be sustained.
  17. 17150 , 17200 is an immediate resistance so this should negate the rally.
  18. If we sustain over these levels for 30-45 mins then we could continue the momentum on upside.
  19. Nifty might Trade between 16900-17250 today.


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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