Skip to main content

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.
  22. stockmarketadvisory.in

Comments

Popular posts from this blog

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

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