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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.


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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