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Pre - Market Analysis (25th May 2022)

  1. U.S Markets closed flat Yesterday.
  2. Right now Dow Futures are slightly higher.
  3. Asian markets are mixed.
  4. SGX nifty is up 10-20 points.
  5. Yesterday , once again it was a mayhem in Technology stocks.
  6. Snapchat's Quarterly results missed estimates and expectations and the stock fell 40% in a single day.
  7. Indian markets are much better.
  8. Here the stock goes down by 10% but in U.S there is no limit.
  9. Nasdaq again witnessed heavy sell off yesterday.
  10. Divis Lab day before yesterday declared fantastic results but stock fell 10%.
  11. This tells you the sentiment of the market.
  12. Market is clearly in a mood to sell off where there's any negative news.
  13. In 2020 , the Market was exactly opposite.
  14. Even Bad results stocks were shooting up like no tomorrow.
  15. 2022 the Market is exactly opposite.
  16. This tells you that it's important to judge the trend of the market.
  17. Yesterday for no reason India VIX has gone up by 10%.
  18. This is a worrying sign that just before expiry without any incremental negative news VIX shooting up in double digits.
  19. This suggests a big move could be coming closer to expiry.
  20. In the May month on all weekly expiry days , Nifty has fallen more than 200 points and mostly with a gap down.
  21. Traders are expecting this trend to continue for the monthly expiry as well hence put Options are trading are huge prices.
  22. Nifty might Trade between 16000 to 16300 today.
  23. If 16000 breaks then we may retest 15750 in a couple of days.


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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