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Pre - Market Analysis (8th April 2022)

  1. U.S Markets closed higher yesterday.
  2. For the first time after many days we had a positive closing yesterday.
  3. Dow futures right now are slightly higher.
  4. Asian markets are mixed.
  5. SGX Nifty is up 10-20 points.
  6. Yesterday was again a disappointing day for the Bulls 
  7. Nifty again closed at the lowest point of the day dragged by HDFC twins.
  8. These both stocks have been making markets highly volatile.
  9. FII's were selling from a couple of days but their selling amount was not that large.
  10. Yesterday we had a 5000 crore number from FII.
  11. This was evident from the price action we had witnessed yesterday.
  12. From the day Honourable FM gave a statement indirectly saying FII's are not thay relevant & praised retailers.
  13. These FII's have started to show true colour.
  14. They have been selling on a daily basis from that day.
  15. Most important event today is the RBI policy.
  16. I feel markets have factored in negatives in the last 3 days fall.
  17. Today I expect RBI to maintain status quo.
  18. So we might have some rally today.
  19. Also 17600 is a strong support.
  20. I will turn cautious only if Nifty closed below this level.
  21. Nifty might Trade between 17580 to 17800 today.


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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.