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Pre - Market Analysis (29th April 2022)

  1. U.S Markets closed higher yesterday.
  2. Global cues have finally turned Positive in short run.
  3. SGX nifty is up 60-70 points.
  4. Amazon declared results after Market hours.
  5. Due to Poor Guidance , the stock fell 8-10% after results in pre Market.
  6. Apple in spite of beating street expectations is down 3% due to cautious guidance for the next quarter.
  7. Asian markets are higher.
  8. Yesterday it was a surprising and a fantastic expiry for Bulls 
  9. I had pointed out it wasn't the time to go short and focus on building longs.
  10. Market has obliged.
  11. Now I sense the momentum and upside could continue further.
  12. Both FII's & DII's were net buyers yesterday.
  13. Remember this is an year of Mean reversion and not a trending year.
  14. So when markets rally a lot that's when it's the time to short near all time highs.
  15. When markets crashes and bleeds look for longs.
  16. This is a reversing Market with huge Volatility.
  17. Contra trades would only succeed in such Market.
  18. After yesterday's rally we have turned into buy on dip mode.
  19. Most importantly , US VIX has crashed 10% yesterday.
  20. Expecting India VIX to go down by 4-6% today.
  21. IT has been underperforming from quite some time , this is the time to accumulate IT stocks and HDFc twins.
  22. These are quality themes in the long run
  23. Nifty might Trade between 17200 to 17400 today.


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