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Pre - Market Analysis (10th Feb 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are lower.
  3. Asian markets are lower.
  4. SGX Nifty is near 17500.
  5. Suggesting a positive opening for the day.
  6. Today the talk of the town is RBI Policy.
  7. RBI policy was originally scheduled yesterday but it got postponed to today 
  8. Interestingly , we got weekly expiry today as well.
  9. RBI policy is expected to be out by 11 today and the general expectation is rise In repo rate by 20 basis points.
  10. Majorly , RBI governer comments about inflation etc will be closely monitored.
  11. I somehow feel RBI will increase by 20 basis points and we will have some profit booking today.
  12. Market has rallied much before RBI policy so I feel the upside from here in very limited.
  13. 2022 seems to be a year of Consolidation with huge Volatility.
  14. Upto now Nifty has been moving violently within 16800 to 18600.
  15. 50 DMA is at 17620 and a bigger resistance is at 17800.
  16. As we went all the way to 17050 from 17800.
  17. This isn't a market where you take positions and play for bigger gains.
  18. This is a volatile market and you should get in and get out quick.
  19. Holding Positions till expiry will cause big damage.
  20. IT sector is close to 200 DMA and the first test of 200 DMA always allow a good buying opportunity in a Bull Market.
  21. Nifty might Trade between 17300 to 17600.


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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