Skip to main content

Pre - Market Analysis (16th June 2022)

  1. U.S Markets closed higher Yesterday.
  2. Right now Dow futures are higher by 140 points.
  3. Asian markets are higher.
  4. SGX nifty is indicating a gap up opening.
  5. Yesterday as anticipated Fed increased the interest rates by 75 basis points.
  6. This is the largest increase since 1994.
  7. There was a relief rally due to the same in U.S market and U.S VIX crashed 10%.
  8. How long will this relief rally go on is a big question.
  9. Our Markets were terrible yesterday.
  10. Everybody is shorting left , right and center.
  11. Yesterday all Put options premiums raised in last 30 mins.
  12. Even 15200 PE which is 500 points away from spot rose from 4rs to 13rs.
  13. Today we might get some short covering as we open and even head higher.
  14. 16000 should be a firm resistance for the day.
  15. I won't chase this gap up because when Market reverses it's with great speed.
  16. I'll look to short near 15950-15980 with a stoploss of 16020.
  17. In Bear markets the rallies sre quite ferocious but again markets make fresh lows.
  18. So remember you are only playing a pullback rally when you go long and not a trend reversal one.
  19. Nifty might Trade between 15650 to 16000 today.
  20. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more