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Pre - Market Analysis (1st June 2022)

  1. U.S Markets closed lower yesterday.
  2. Right now Dow Futures are higher.
  3. Asian markets are higher.
  4. SGX nifty is down 50 points.
  5. Yesterday can be termed as a volatile+ sideways day.
  6. Nifty was in a range but it was trading with huge Volatility.
  7. As soon as Market opened Nifty crashed and went close to 16500 then bounced all the way and was Volatile throughout.
  8. Last hour there was a huge Intraday selling.
  9. Bank Nifty fell 500 points in last 45 minutes.
  10. This might be majorly due to crude oil prices + Global weakness.
  11. Crude Oil yesterday was above 120$ barrel.
  12. This is not at all a good sign for India.
  13. Yesterday GDP numbers were also announced and it was not that great.
  14. Industrial production data was much better than expected.
  15. As I said Yesterday 16400 to 16800 is the range for Nifty now.
  16. I will use ranging strategies+ straddles until this range holds.
  17. Whenever any of this level is surpassed I will look to use directional strategies.
  18. Bank Nifty range is 35000 to 36000.
  19. Though U.S market closed lower yesterday VIX fell.
  20. In India it's exactly opposite.
  21. Whenever market falls VIX rises.
  22. Expecting some stability in U.S as VIX falls.
  23. Nifty might Trade between 16420 to 16700 today.


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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