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Pre - Market Analysis (16th Feb 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are slightly lower.
  3. Asian markets are slightly higher.
  4. SGX Nifty is near 17400.
  5. Suggesting a slightly positive opening for today 
  6. Yesterday was a pleasant surprise for many.
  7. Yesterday I advised to short with a stoploss of 17050.
  8. The short trade worked well in first half.
  9. In second half Market started to rally and later we got to know that Russia troops have gone back.
  10. The War fears have been escalating over past many days.
  11. Yesterday's news was a relief and as soon as 17100 was crossed there was a huge short covering.
  12. The short covering was so huge that Market rallied 250 points in 2 hours.
  13. So one more time 16800 is successfully handled by the Bulls 
  14. Has everything turned positive yesterday?
  15. The answer is NO.
  16. Yesterday can be termed as a relief rally and markets could go further to 17600 as well.
  17. Larger problems like Rate hikes , Inflation and FII selling still remain.
  18. 16800 to 17800 is the range in which Markets are moving violently.
  19. This is a turnaround Market and the reversals are so huge on both sides.
  20. Positional traders are being chopped off.
  21. Intraday is the only way from here.
  22. Volatility needs to cool down a bit for Markets to make further big trend from here.
  23. If you have made money over last 2 days now it's time to be patient and take a day or two off.
  24. Markets have the Tendency to take it back quickly.
  25. Nifty might Trade between 17200 to 17500 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