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Pre - Market Analysis (12th October 2022)

  1. U.S Markets closed mixed Yesterday.
  2. It was a high volatile session in U.S Markets Yesterday.
  3. Similar was the situation for Indian Markets yesterday.
  4. U.S Markets were up 300 points at one point of time and then they tested swing lows finally closing mixed.
  5. Indian Markets yesterday crashed in last hour and closed below 17k.
  6. India VIX shot up above 20 yesterday.
  7. Put premiums of all monthly options doubled in last hour itself.
  8. Such severe was the fall.
  9. SGX Nifty is now up 30-40 points 
  10. Asian markets are majorly lower 
  11. Today we will be having U.S Inflation numbers 
  12. These could make or break the markets.
  13. Upto some extent I expect markets have factored in the same.
  14. Relief rally can be expected with possibility of a small downside.
  15. All the Bluechip stocks got sold heavily yesterday.
  16. IT Stocks opened higher after TCS results but got sold off during the day.
  17. Bank Nifty outperformed Nifty yesterday.
  18. I used yesterdays fall as an opportunity to sell monthly Puts 16400 and below.
  19. Expect U.S VIX to fall after Inflation numbers as well 
  20. This could erode a large of option premiums.
  21. Nifty might Trade between 16950 to 17200 today.


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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.