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Pre - Market Analysis (1st July 2022)

  1. U.S Markets closed lower yesterday.
  2. Right now Dow futures are lower.
  3. SGX nifty is higher & trading at 15700.
  4. Asian markets are lower.
  5. Yesterday it was a very topsy turvy expiry.
  6. Nifty opened lower and just after opening it kept on moving higher.
  7. Huge short covering took place as soon as markets opened.
  8. Call option premiums started to shoot up.
  9. All CE's became 3-4x just in first hour.
  10. Near 15880 Nifty started to resist and some profit booking was witnessed.
  11. Nifty fell all the way back close to 15700 and it was all over the places.
  12. Yesterday to my surprise , all the Markets were in deep red.
  13. Dow futures were down 400 points during our trading hours.
  14. Even then our Markets have shown great resilience.
  15. Yesterday U.S markets as well were highly volatile.
  16. SGX Nifty made a low close to 15600 and recovered.
  17. All this Volatility in other markets is coming from mother market U.S
  18. 15700 to 15900 is the range for Nifty.
  19. This is a very narrow range and won't sustain for long.
  20. Long for a significant crossing of this range for the markets to pick up momentum.
  21. Within this range there is only one trade which is to buy at lower end and short at higher end.
  22. Today it's the first day of the July series. Yesterday Nifty June futures were trading at 20 points discount to spot.
  23. Even July futures were also at discount.
  24. This shows extreme shorting and bearishness in the Market.
  25. Nifty might Trade between 15600 to 15900 today.


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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.