Skip to main content

Pre - Market Analysis (21st November 2022)

  1. U.S Markets closed flat on Friday.
  2. Dow futures are slightly lower.
  3. Asian markets are mostly mixed right now.
  4. SGX Nifty is flat.
  5. Nifty is likely to have a flat opening today.
  6. Since last many days , Nifty is opening flat.
  7. If I'm not wrong , today will be the sixth straight day of flat opening.
  8. Friday was a volatile trading session.
  9. Nifty opened flat and traded negative throughout.
  10. During the day there was some recovery from the lows.
  11. Even that recovery got sold into later on.
  12. Nifty tested 18200 and there was a huge rally after 2 pm.
  13. So in all it was a flat closing but there was some intraday Volatility. 
  14. Generally last weeks of the expiry are volatile weeks.
  15. All the contracts get squared up , ie futures and options.
  16. This leads to Volatile trading moves.
  17. 18200 -18400 is the short term range on the Nifty.
  18. 18400 was the recent high and Nifty found multiple supports near 18200.
  19. So this becomes a short term range for now.
  20. The way to trade the range is to buy near support and sell near resistance.
  21. That's where risk reward turns to your favor.
  22. Long term range is 18000-18500.
  23. I don't think any of the above levels would get taken out this expiry.
  24. Nifty might trade between 18200-18400 today.
  25. Once we get a closing above or below any of these levels then we shall look at the next plan.
  26. Until then the above plan holds.


Popular posts from this blog

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

SVB Bank crisis Unfolds (13th March 2023)

1. U.S Markets closed lower on Friday. 2. Right now , U.S Futures are higher. 3. SGX Nifty is up 20-40 points. 4. Asian markets are higher. 5. I wasn't able to understand why were the markets crashing on Thursday & Friday. 6. During the weekend the news broke over. 7. SVB Bank which has been termed as the worst crisis since 2018. 8. This is mainly a start up based Bank. 9. This crisis was to happen looking at the start up valuations and findings received. 10. This was anticipated by big players and hence there was intense selling on Thursday and Friday. 11. Sometimes , one doesn't understand a particular move of markets unless news is out. 12. As retailers are the last players to know anything happening. 13. During the weekend , FED ensured and gave assurance that Depositors funds would be safe. 14. No depositors would lose money. 15. That's the reason U.S Futures are higher by more than a percent each. 16. Looking at Technicals , we are trading at the lower

Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like