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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.
  24. stockmarketadvisory.in

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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. stockmarketadvisory.in