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Pre - Market Analysis (5th Jan 2022)

  1. U.S Markets closed mixed Yesterday.
  2. Even though Dow Jones closed higher but S&P 500 and Nasdaq were particularly weak.
  3. Right now Dow futures and Asian markets are lower.
  4. SGX Nifty is Trading at 17800.
  5. Some profit booking in U.S Markets is good logically as it has been trading at all time high since a Month.
  6. Coming to Indian Markets , we have had a fantastic rally from 16400 to 17800.
  7. This is what happens in Bull Market.
  8. Corrections and Rallies both happen at a rapid pace.
  9. Yesterday I expected Markets to consolidate but again we had a good rally yesterday as well.
  10. Today Global Markets are not showing great strength so we may consolidate for the day with some Volatility.
  11. One interesting thing about yesterday.
  12. As soon as Markets opened near 17700 we fell to 17600 in a matter of minutes.
  13. How quickly was this dip bought into.
  14. In just 10 minutes the dip got bought into.
  15. This shows the strength of the Bulls.
  16. Today as well I expect some dip to come.
  17. It may be 50-80 points or maybe more. 
  18. This dip is a buying opportunity.
  19. Do not chase this Market now as risk reward isn't in favour at current levels.
  20. Dips close to 17740-17700 provide good entry points.
  21. Do not try to oversmart the Market and look to short the Market.
  22. You might hardly get 50 points but the risk is huge.
  23. Stay with the Trend , find good entry points and keep trailing stoploss 
  24. This is how big money is made.
  25. Bank Nifty is looking much stronger and can test 20 DMA of 37500.
  26. Nifty might Trade between 17640 to 17880 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