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Pre - Market Analysis (17th August 2022)

  1. U.S Markets closed higher Yesterday.
  2. Asian markets are mixed.
  3. SGX Nifty is close to 17900 right now.
  4. Yesterday markets opened with a huge gap up and traded flat throughout.
  5. After 3 pm there was a 50 points short covering in Nifty.
  6. Nifty closed at the highest point of the day Yesterday.
  7. When markets close at the highest point of the day & unless there are no significant negative news.
  8. Chances of a gap up opening on the next day are high.
  9. Similar when Market closes at the lowest point of the day.
  10. IT Index is likely to cross the Important level of 30,000.
  11. There is not a slight indication of reversal yet.
  12. When Market gives you a sign of reversal you should book profits on longs.
  13. When there are no such signs it's better to keep riding the long Positions.
  14. FII's are momentum traders.
  15. Once they start buying they won't go back.
  16. They continuously keep buying and buying and buying.
  17. 18000 CE has the highest open interest in monthly options.
  18. Once this level gets taken out there would be fireworks 
  19. My simple message right now is not to assume anything.
  20. There are no signs of reversal yet 
  21. Do not look to short this market.
  22. Look to buy at dips and ride the trend.
  23. Wednesdays have been quite volatile in the past 
  24. So today you might get an opportunity to enter at low levels coz of Volatility.
  25. Nifty might Trade between 17700 to 18000 today.


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Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today  Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets  U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso