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Pre - Market Analysis (15th September 2022)

  1. U.S Markets closed mixed Yesterday.
  2. Right now , Dow futures are higher.
  3. Asian markets are slightly higher 
  4. SGX Nifty is up 20-30 points.
  5. Yesterday was a total surprise from the markets.
  6. Nifty was Indicating a gap down close 17750 but markets opened above 17800 and continued to move higher.
  7. Bank Nifty rallied 1400 points from the day low.
  8. Nifty rallied 250 points from the days low.
  9. All this happened against the Global trend.
  10. This isn't the first instance where this has happened.
  11. In September itself , when Fed Chairman expressed his concerns over Inflation , Nifty made a 300 point gap down.
  12. Entire loss was wiped off the next day.
  13. Bank Nifty is actually on steroids.
  14. It's just 200 points away from all time highs.
  15. All the Banks are flying.
  16. FII's sold for 1400 cr yesterday and DII's bought for 150 cr.
  17. There was a net outflow of 1250 cr and still the markets closed higher.
  18. IT Index crashed 3% yesterday.
  19. I expect that markets are factoring something ahead of time.
  20. Which we probably do not know yet or may know later.
  21. Only Indian markets rallying against global trend makes me say so.
  22. 17900 , 17800 PE have been sold aggressively.
  23. 18100 , 18200 CE have been written aggressively.
  24. Markets are pricing in a ranging expiry as of now.
  25. Nifty might Trade between 17900 to 18140 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