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Pre - Market Analysis (31st March 2022)

  1. U.S Markets closed lower yesterday.
  2. It was a minor profit taking day yesterday Globally 
  3. U.S Markets have been rallying from past many Trading sessions.
  4. So , profit booking cannot be ruled out.
  5. Right now Dow futures are higher.
  6. SGX Nifty is up 40-50 points 
  7. Today is the final day of the Financial year plus all the contracts would expire today.
  8. Today we can expect some Volatility.
  9. From last few days , markets have been trading in a small range after gap up.
  10. Yesterday, Market tried to cross 17500 but failed and closed exactly near 17500.
  11. Expecting upper end of 17500 to be taken out in a couple of days.
  12. Today could be a ranging day with some Volatility.
  13. Inda VIX closed just above 20 yesterday.
  14. Expecting this to go down below 20 in the coming days.
  15. The good thing about yesterday's rally was the advance- decline ratio.
  16. Number of advanced were 1300 whereas declines were just 600.
  17. This broad based rally shows we have more room on the upside.
  18. 17500 short straddle has been added in huge Quantities in all expirys 
  19. For today , April 7th and April end monthly expiry.
  20. Smart money isn't expecting big move soon and also as VIX keeps falling their confidence is increasing.
  21. Nifty might Trade between 17350 to 17600 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.