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Pre - Market Analysis (31st October 2022)

  1. U.S Markets closed higher on Friday.
  2. Dow Jones closed 1000 points higher.
  3. It was a huge short covering rally.
  4. U.S markets have now recovered more than 10% from their 52 week lows.
  5. This is a great recovery considering global cues.
  6. Right now Dow futures are slightly lower
  7. SGX Nifty was above 18k over the weekend.
  8. From last 3 trading sessions , SGX Nifty showed an opening above 17900.
  9. But on all the occasions we have opened close to 17800.
  10. Will we open today exactly what SGX Nifty has been suggesting.
  11. 18000 would be a resistance for this expiry.
  12. Aggressive calls have been written plus it's a round number.
  13. Round number acts as resistances / supports.
  14. Bank Nifty was outperforming for whole of October expiry.
  15. Last 2 trading sessions Bank Nifty has been witnessing serious underperformance.
  16. This is dragging Nifty too.
  17. Reliance is keeping Nifty in check.
  18. If we open below 17800 today and cross it during the day then we would be heading towards 18k.
  19. The pace of markets has been reduced considerably.
  20. Markets have been trading in a narrow range in Intraday.
  21. Nifty might Trade between 17700 to 18000 today.


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Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800  13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg.  15. I haven't

Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.