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Pre - Market Analysis (28th October 2022)

  1. U.S Markets closed mixed Yesterday.
  2. Asian Markets are mixed.
  3. SGX Nifty is up 50-60 Points 
  4. Yesterday it was again a flat expiry.
  5. IT stocks have been falling.
  6. Banking stocks have been gaining.
  7. This seems like an obvious trade now.
  8. Larger range for Nifty is 17500 to 18000 now.
  9. Immediate short term range is 17600 to 17800.
  10. Bank Nifty range is 41000 to 42000
  11. Expecting Consolidation to continue for a while.
  12. Yesterday the ECB has hiked interest rates by 75 basis points.
  13. RBI also has informed that they would be revising the monetory policy.
  14. They have announced to conduct a meeting on 3rd November.
  15. Such sudden meeting gives an indication that RBI may again raise rates.
  16. Looking at Inflation and the way other Banks have been raising rates.
  17. This seems a larger Possibility now.
  18. India VIX is now close to 16.
  19. Option Premiums are too low.
  20. Expecting VIX to raise before RBI event.
  21. That would be a good time for option sellers.
  22. As of now premiums are too low so aggressive bets are not advisable.
  23. Nifty might Trade between 17600 to 17900 today.
  24. stockmarketadvisory.in

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