Skip to main content

Pre - Market Analysis (Valentine's Day)

  1. U.S Markets crashed yet again on Friday.
  2. Right now Dow futures are flat
  3. Asian markets are lower.
  4. SGX Nifty is near 17100.
  5. Suggesting a big gap down opening for today 
  6. There is a rally of news flow over the weekend.
  7. All of them are negative.
  8. Firstly , Ukraine & Russia war going on.
  9. It seems likely that Russia will invade Ukraine by this week.
  10. This has made Crude oil cross 95$/ barrell.
  11. We are the highest Importers of Crude Oil and this will effect us badly.
  12. Secondly , ABG Shipyard scam news broke over the weekend and there have been lots of questions on the same.
  13. ABG shipyard is not a new thing.
  14. This was in development since last 3 years.
  15. Many major banks have already recovered some dues from it.
  16. This could cause a sentimental impact to Bank Nifty but I do not see any longer term impact of the same.
  17. Thirdly , U.S Inflation and Interest rate hike plus Indian inflation and rate hike.
  18. This will be having a long term effect on Market and upto March end I don't see Market settling.
  19. 18000 I feel should be the top till March End.
  20. Fourth , Sucheta Dalal again targeting Adani group stocks.
  21. This would all be a one day affair as the same happened few months ago and by next day all of it recovered.
  22. Tweeting without any corresponding proofs doesn't bring down any group.
  23. Rather it creates suspicion on the Journalist after a point.
  24. Im Ultra Bearish till March .
  25. This is a sell on rally Market with big pull backs in between.
  26. Only highly skilled traders could make money out of this.
  27. Others are advisable to stay away for a week at least until the dust settles.
  28. Volatility will be heavy plus news flow.
  29. Nifty might Trade between 17000 to 17300 today.
  30. Do not short the Market immediately after gap down.
  31. Wait for 17200-17250 range to be rejected and that's where risk reward favours with stoploss of 17300.
  32. Whole of Inexperienced traders would be going short today at open today as everybody knows negative news.
  33. This is where big players hunt stoploss and take Market lower in 2nd half.
  34. 17000-17050 is immediate support.
  35. If this breaks we are heading towards 16850.


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 (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday.  8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday.  10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility.  13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday.  18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday.  20. So clearly there was valuation over hang which is gettin

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke