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Pre - Market Analysis (8th March 2022)

  1. U.S Markets crashed Yesterday.
  2. Right now Dow futures are slightly higher.
  3. SGX Nifty is at 15750.
  4. Asian markets are mixed.
  5. Yesterday we had exit poll results.
  6. Exit Poll results cannot be trusted with 100% accuracy.
  7. In the past as well many of the times exit Poll results have gone wrong.
  8. Majority exit Poll show that BJP is likely to win UP again.
  9. This is a positive news for stock market.
  10. In Bearish times markets don't react to good news but react to bad news 
  11. 15800 is a very important support on Nifty.
  12. Last year Market made a consolidation of 3 Months near 15800-16000 and then broke out.
  13. So technically it becomes a very important support this time as well 
  14. If this breaks then 15500 -14800 open up.
  15. The falls will be equally fierce as the rallies.
  16. Market did rally one way and now falls will also be one way.
  17. Right now we have crude oil shock impact as well.
  18. Crude Oil has shot up to 130-140$ / barrel.
  19. In history I've observed , whenever crude oil stays higher Nifty always have given negative returns.
  20. Currency is also weakening day by day 
  21. Rupee yesterday hit it's lowest level of last 1 year.
  22. All this makes worrying signs currently.
  23. Not advisable to short gap downs.
  24. Look for rallies close to 16000 to short .


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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.