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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.
  24. stockmarketadvisory.in

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