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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 (5th May 2022)

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Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se