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Pre - Market Analysis (11th Jan 2022)

  1. U.S Markets at one point of time were crashing.
  2. Dow Jones down 600 points , S&P 500 and Nasdaq were down 2% each.
  3. This is because Goldman Sachs predicted there would be 4 rate hikes for the year.
  4. Inflation is expected to be 7.1% which is quite a lot to worry if it happens In reality.
  5. Due to all this , there was a panic selling in first half 
  6. In the Second half everything recovered and all is well now.
  7. U.S Futures and Asian markets are higher now.
  8. SGX Nifty is flat.
  9. This Wednesday , we will be having lots of news flow in our Markets.
  10. Inflation data by U.S , Fed statement , IIP Data , Infosys & TCS set to declare results.
  11. All this will be coming after the Market hours.
  12. This is making the World Markets jittery.
  13. Coming to India , we have closed at the highest point of the day yesterday.
  14. Both on Nifty and Bank Nifty.
  15. Momentum is so strong on the higher side that even a minor dip is being bought into.
  16. Yesterday Nifty tested 17900 and Bank Nifty tested 38000 and the dip got bought aggressively.
  17. Today if we sustain above 18k then we can a rally during the day as many call writers will be stuck.
  18. Bank Nifty 38k has witnessed huge call writing as well and they will propell markets higher.
  19. Nifty might Trade between 17900 to 18200 today.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points  Exactly the same happened and at 11.30 markets recovered sharply from lows  Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today.