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Pre - Market Analysis (2nd August 2022)

  1. U.S Markets closed lower Yesterday.
  2. After 4 consecutive massive upward days yesterday there was a bit of profit booking.
  3. Asian markets are trading lower.
  4. SGX Nifty is trading close to 17300.
  5. Today after many days we are about to open flat / negative.
  6. Last 3 trading sessions we opened with huge gap up on daily basis.
  7. FII's have turned net buyers.
  8. They have bought for over 2000+ crores yesterday.
  9. DII's as usual do opposite of what FII's do.
  10. DII's booked some profits yesterday.
  11. Consolidation is the need of the hour for Bulls.
  12. Markets cannot keep going higher at such rapid pace.
  13. If it keeps going higher at this pace , as and when fall comes it will be severe.
  14. We have RBI event coming up this Friday
  15. It's better if we don't go into the event with huge optimism.
  16. India VIX was up 6% yesterday after many days.
  17. Bank Nifty is now close to 38000.
  18. Just before a Month I was hearing about recession everywhere.
  19. The term recession has been wrongly interpreted.
  20. There are 2 terms , recession and slowdown.
  21. Right now we are witnessing slowdown in Global economy and not recession.
  22. Recession is where more than 50% of the Corporates lose their Jobs.
  23. Nifty might Trade between 17200 to 17400 today.


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Pre - Market Analysis (18th April 2022)

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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