Skip to main content

Pre - Market Analysis (14th October 2022)


  1. U.S Markets closed higher Yesterday.
  2. Dow futures are slightly higher right now 
  3. Asian Markets are higher.
  4. SGX Nifty is close to 17300.
  5. Big Big gap up on cards today.
  6. Yesterday U.S Inflation numbers were announced.
  7. Expectation was 8.1% but they came at 8.2%
  8. Dow Futures fell 600 points as soon as this news broke out.
  9. As soon as U.S Markets opened this big gap down was bought into.
  10. Dow Jones recovered from -600 to +850 points.
  11. This is some rally.
  12. My sense is Markets may have factored in this negative by now 
  13. Hence the Yesterday low of 3500 on S&P 500 should hold at least for a month now 
  14. Markets bottom out much before the actual event.
  15. Also Markets factor in negative news much before the event as well 
  16. This is the nature of stock market.
  17. One has to understand the Market language in order to make money 
  18. Worst Inflation numbers of 40 years and still markets rallying.
  19. This is the beauty of stock market.
  20. Markets react differently in various situations.
  21. 17400-17500 is the resistance zone.
  22. Will look to build fresh once this gets broken.
  23. 17200 to 17500 is the range for Nifty now.
  24. Nifty might Trade between 17200 to 17500 today.
  25. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more