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Pre - Market Analysis (23rd August 2022)

  1. U.S Markets crashed Yesterday.
  2. Dow Jones closed lower by 600 points.
  3. Nasdaq was down more than 2%.
  4. U.S VIX rose 15% yesterday.
  5. These are not good signs for the Bulls.
  6. Asian markets are lower as well.
  7. SGX Nifty is down 100 Points.
  8. 17400 is level we are likely to open.
  9. Yesterday as soon as markets opened it kept going lower and lower 
  10. There were just short bounces of 20-30 points but the price action was fully against the Bulls.
  11. First Nifty paused near 17600 and this got taken out.
  12. Then 17500 got crushed out towards end of the day.
  13. Both FII's & DII's were net sellers Yesterday.
  14. Markets all over the World have rallied over 15% in just 1.5 months.
  15. Ahead of Fed meeting this week there seems to be huge profit booking.
  16. Price action gives an indication that market is pricing in some future expected negative news.
  17. Big players know it before us.
  18. 17500 PE had the highest open interest for this week.
  19. Today this is likely to break at open and we can expect more downfall.
  20. 17400 & 17200 are the next major supports for Nifty.
  21. Bank Nifty is even worse.
  22. When it goes up it rallies one way and same on the way down.
  23. Nifty might Trade between 17200 to 17550 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