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Pre - Market Analysis (1st April 2022)

  1. U.S Markets closed lower yesterday.
  2. It was the last day of the Financial year and investors seemed to have taken out some profits.
  3. Our markets were firm and we're trading within a flat range yesterday.
  4. SGX Nifty is down 50-60 points
  5. 17400-17425 is a very good support zone immediately.
  6. This is the zone to go long at first with 30-50 point stoploss.
  7. This is a buy on dip Market.
  8. FII's & DII's both have turned net buyers since last 2 trading sessions.
  9. This indicates strength and momentum on the upside immediately.
  10. Right now Dow futures are higher.
  11. Asian markets are flat.
  12. First couple of trading sessions decide the course for the whole month.
  13. If we manage to cross 17500 and sustain then doors for 17800 is open.
  14. 17600 is the pre war low so this will act as a next week resistance after 17500.
  15. India VIX was higher slightly yesterday.
  16. Bank Nifty is near 200 DMA and it has still some unfinished business.
  17. 38000 could easily surpass on the Bank Nifty from here.
  18. This will drive the momentum for Nifty 
  19. Axis Bank has taken over Citi Bank so expect Axis Bank to outperform among banks.
  20. Nifty might Trade between 17380 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.