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Pre - Market Analysis (6th June 2022)

  1. U.S Markets closed lower on Friday.
  2. Right now Dow futures are higher.
  3. Asian markets are mixed.
  4. SGX Nifty is down 30-50 points.
  5. Friday was a Disappointing close for the Bulls.
  6. Market opened with a big gap up and then eventually closed at the lowest point of the day.
  7. Trading is within a range of 16400 to 16800 for Nifty.
  8. Market is making big swings with huge Volatility.
  9. Similarly previously it was trading between 15750 to 16400 in May month.
  10. I expect market to trade within this range for this week as well.
  11. U.S jobs showed fantastic growth but still market closed lower.
  12. This shows the sentiment is very weak 
  13. When people sell into Good news that means traders want to exit longs immediately.
  14. This happens in a Bear market scenario.
  15. In spite of Nasdaq crashing 2% on Friday CBOE VIX was flat.
  16. This indicates the panic and majority of negative news flow has been discounted.
  17. Expect RBI not to give any more shocks on coming Wednesday as we have the RBI policy coming up.
  18. Expectations are between 25 to 50 basis points hike.
  19. Anything above this will cause a negative sentiment.
  20. Reliance is the lone Hero for Nifty rally.
  21. It's up 14% in Last 2 weeks.
  22. Bank Nifty has weakened in short term 
  23. Bank Nifty and hdfc twins have to catch up for market to rally from here.
  24. Nifty might Trade between 16450 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