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Pre - Market Analysis (23rd Feb 2022)

  1. U.S Markets closed lower yesterday.
  2. Right now Dow futures are higher.
  3. Asian markets are mostly higher.
  4. SGX Nifty is near 17200.
  5. Suggesting a positive start for the day.
  6. Yesterday I had mentioned that Russia invading 100% of Ukraine is less likely 
  7. The way Putin is announcing in Public and sending troops shows that he just wants sanctions 
  8. War is done secretively and not by announcing it to the World.
  9. 16850 was tested yet again yesterday and yet again Market found support from there 
  10. Now I feel this level won't be broken unless we get some other negative news out of the blue.
  11. Broader Market seems to be collapsing.
  12. Midcaps , small caps plus most of the large caps are down from their highs significantly.
  13. Has everything turned positive and we March on from here?
  14. I don't think so.
  15. Still we have many major issues wrt. LIC IPO , inflation and Fed policy
  16. Right now market is hugely volatile and trading within a range of 16850 to 17350.
  17. 16850 is 200 DMA and 17350 is 20 DMA.
  18. Expect this consolidation to continue until global markets settle.
  19. I somehow feel this is not the time to short the markets.
  20. This is the time to go long 
  21. Just some positivity can take this Market to 17600-17800.
  22. All global markets are hugely oversold as well.
  23. Risk reward is to go long on dips with stoploss of 16850.
  24. Nifty might Trade between 17100 to 17400 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.