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Showing posts from January, 2023

Pre - Market Analysis (31st Jan 2022)

1. U.S Markets closed lower Yesterday. 2. Right now , dow futures are flat. 3. Asian markets are higher. 4. SGX Nifty is up 60-70 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now and also have a big event coming up  7. Let's discuss about Adani issue. 8. Yesterday the main stock Adani Enterprises was steady  9. I think for short term the problem is being dealt with by the Adani group.  10. If their FPO Sails through then they won't have much of an issue. 11. Else their worries will multiply. 12. Also Hinderberg allegations were mostly of overvaluation of stocks  13. It was not of business fraud. 14. Why are we discussing this is because it impacts the stock market. 15. When there is a problem in a big group all the Banks etc that have lent money suffer. 16. Tomorrow is the big budget day. 17. Markets have been extremely volatile before the budget. 18. We also have had a big downfall pre budget.

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 (27th Jan 2023)

1. U.S Markets closed higher Yesterday.  2. Right now , dow futures are flat. 3. Asian markets are mixed. 4. SGX Nifty is up 50-70 Points. 5. Thursday's Monthly expiry was a surprise for everyone. 6. Whole of January markets have traded flat within a definite range. 7. On the day of Monthly expiry markets were unexpected. 8. This was majorly due to Adani group stocks. 9. There was a research report by Hindenberg research related to Adani stocks. 10. They have mentioned in detail their findings and pointed out unreasonable valuations. 11. Having gone through their website I got to know that previously they have given their study on 3 companies. 12. These 3 were of 3 different countries and later on all of them were proved right. 13. All these 3 were of corporate scams itself. 14. This company seems to be an expert in identifying corporate scams. 15. Also they are walking the talk by being short on Adani group stocks  16. I would also like to mention that it is only a mer

Pre - Market Analysis (25th Jan 2023)

1.U.S Markets closed flat Yesterday.  2. Right now , U.S Markets are lower. 3. Asian markets are higher. 4. SGX Nifty is down 40-50 Points. 5. Yesterday we had opened with a gap up. 6. I had advised not to chase the gap up. 7. The gap up was near the upper end of the range. 8. Market reversed after opening Yesterday.  9. Today we are having monthly expiry. 10. Whole of the January month nifty and Bank nifty were in 3% range max. 11. It was a month of consolidation for index. 12. 2022 was highly Volatile year for the markets. 13. 2023 begins with a consolidation.  14. This isn't bad for the markets  15. There is upside in the markets only after consolidation.  16. With Volatility, upside in the markets wouldn't sustain. 17. 18000 to 18200 is the range for today. 18. After 2 pm there are generally big moves on the day of monthly expiry. 19. One has to be careful of holding trades till 3.30 pm. 20. Maruti has come up with better than expected results  21. Auto stocks s

Pre - Market Analysis (24th Jan 2023)

1. U.S Markets closed higher Yesterday.  2. Right now , U.S Markets are mixed. 3. Asian markets are higher. 4. SGX Nifty is up 90-100 Points. 5. Today we are likely to open close to upper end of the trading range. 6. 18200-18250 is the higher end of the range. 7. So going long chasing the gap up may not be advisable. 8. Today we also have FIN nifty expiry. 9. This could cause Volatility.  10. Markets going with high optimism into the budget isn't good . 11. Any disappointment would lead to a big correction as well. 12. I would go long only when 18300 spot is crossed on Nifty. 13. Until then I would look to short nifty close to 18250 will a stop of 18300 or so. 14. Axis Bank has come up with spectacular numbers yesterday.  15. Thse banking stocks results have been next level. 16. All the Books have been cleaned and NPA's are down to 2%. 17. I remember during my initial years of stock market the NPA Percentage was 6-8% average for majority of Banks. 18. 18000 to 18300

Pre - Market Analysis (23rd Jan 2023)

1. U.S Markets closed higher on Friday. 2. Right now , Dow futures are slightly lower. 3. Asian markets are mixed. 4. SGX Nifty is up 90-100 Points. 5. Friday , there was a huge sell off in the last trading hour. 6. Nifty crashed in the final hour of trade on Friday. 7. U.S Markets Volatility is causing Volatility in other markets too. 8. U.S Markets go up one day and move down one day. 9. There is a lack of direction  10. Same way there is lack of direction here as well. 11. Nifty for whole of Jan is trading within 500 point range. 12. The range is 17800 to 18300. 13. It's like a roller coaster ride within this range. 14. Next 3 days remaining for Jan expiry  15. Expect the same to continue as well. 16. ICICI Bank has come up with Fantastic results over the Weekend.  17. All the Banks and IT Stocks have declared very good numbers. 18. The next move will be purely dependent on the Budget. 19. Until then it's safe to trade the range. 20. Nifty might trade between 180

Pre - Market Analysis (20th Jan 2023)

1. U.S Markets closed lower yesterday.  2. Right now , Dow futures are slightly higher. 3. Asian markets are mixed. 4. SGX Nifty is up 20-30 Points. 5. Yesterday it was a very flat expiry. 6. SGX Nifty indicated a gap down of more than 100 points. 7. Nifty opened lower just by 40-50 points. 8. Throughout the day nifty traded within 100 point range.  9. Bank Nifty within 250 point range  10. This was in-spite of Global cues turning negative  11. India VIX closed below 14. 12. VIX below 14 indicates stability in the markets. 13. We have only 4 trading sessions for Jan expiry now. 14. FII's after selling for the whole of January have finally turned net buyers. 15. They have bought for around 400 crores yesterday.  16. 18100 short straddle has the highest open interest for Jan expiry. 17. 18000 PE added huge open interest yesterday.  18. Looking at all the data points I sense a recovery is due. 19. 200-300 points upmove in nifty cannot be ruled out before the budget. 20. Ni

Pre - Market Analysis (19th Jan 2023)

1. U.S Markets closed lower yesterday.  2. Right now , Dow futures are slightly lower. 3. Asian markets are mixed. 4. SGX Nifty is down 90-100 Points. 5. Yesterday Retail Sales data were announced in U.S 6. The data were below estimates.  7. This caused a huge sell off in U.S Markets. 8. In U.S Markets the Banks haven't declared good results yet. 9. This is causing a huge sell off in Dow Jones. 10. Banks are major component of Dow. 11. Sell off in Banks causing pressure in U.S Market. 12. 18100 PE has huge open interest for today. 13. As per SGX we may open near 18070-18100. 14. Markets are again trading with Volatility but within the range  15. 17800-18200 is the larger range  16. 18000 should be a good support for today. 17. Expecting expiry to be between 18000-18200 today  18. 18200 CE has also been written aggressively. 19. Nifty might trade between 18000 to 18200 today  20. stockmarketadvisory.in

Pre - Market Analysis (18th Jan 2023)

1. U.S Markets closed lower yesterday.  2. Right now , Dow futures are slightly lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-40 Points. 5. Yesterday markets traded with Volatility.  6. Nifty in the first half crossed 18k. 7. In the Second half crashed 100 Points from the peak. 8. Only to close above 18k towards the end of the day. 9. As I've pointed out yesterday that Tuesdays trading has now become Volatile. 10. FIN Nifty options liquidity is rising and that is creating large swings. 11. Last 30 minutes there was a huge short covering in nifty. 12. 18000 Call sellers did unwound their Positions. 13. Nifty is Bullish as long as it's above 18k. 14. 18200-18250 Opens up on the Nifty now. 15. 17750 as mentioned earlier should be the low until Budget. 16. Yesterday there was a huge divergence between the Nifty and Bank Nifty. 17. Bank Nifty was in red most of the time. 18. Now as a trader I feel its time to contra bet. 19. Buy Banks and sell IT was the trend

Pre - Market Analysis (17th Jan 2023)

1. U.S Markets were shut yesterday.  2. It was a Public holiday yesterday in the U.S 3. Right now , Dow futures are slightly lower. 3. Asian markets are mixed. 4. SGX Nifty is flat. 5. Headline since the inception of 2023 is the FII selling. 6. Last 2 weeks FII's have sold for 17000 crores. 7. Everybody expected that in 2022 the FII selling came to an end. 8. As FII's did sell close to 50,000 crores in 2022. 9. In 2023 the same sequence has began yet again. 10. There is no major negative news flow for which selling is going on in huge numbers. 11. Maybe they are expecting anything negative from budget. 12. HDFC Bank , one of the FII favorites was down yesterday even after such great numbers. 13. This shows that the sentiment is quite weak in the markets. 14. Today is Tuesday so we will be having FIN Nifty expiry. 15. Thus could add up to Volatility   16. India VIX shot up more than 4% yesterday.  17. Markers are retesting the major support close to 17800  18. When a

Pre - Market Analysis (16th Jan 2023)

1. U.S Markets closed higher on Friday. 2. Right now , Dow futures are slightly higher. 3. Asian markets are higher. 4. SGX Nifty is up 30-40 Points. 5. Friday was a reversal kinda day. 6. Markets reversed from key support levels. 7. 17760 was the Thursday's low for nifty.  8. On Friday Markets did retest those levels and reversed sharply. 9. It was a big reversal rally. 10. On Friday blog I mentioned levels between 17700 & 18k for nifty. 11. This was the levels in which nifty moved on Friday. 12. Mondays are generally trending days. 13. Today's key level to watch is 18k. 14. Once 18k is crossed we would be heading towards 18100 ,18200. 15. HDFC Bank has come out with results over the weekend. 16. Results look quite good. 17. HDFC Bank has got a high weightage in Nifty and Bank nifty.  18. Also it is the leader of Banking stocks. 19. Good results would boost the sentiment of the Market. 20. This could be a bold call but I feel we have bottomed out at 17760 nifty

Pre - Market Analysis (13th Jan 2023)

1. U.S Markets closed higher yesterday.  2. Right now , Dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-40 Points. 5. Yesterday it was a sideways kinda day. 6. Markets tried to break crucial support of 17800 but yet again there was a sharp recovery. 7. At one point of time markets broke 17800 but then closed above 17800 significantly.  8. Inflation numbers were announced yesterday.  9. Inflation numbers were exactly as per expectation. 10. This led to a bit of recovery in the markets yesterday.  11. Today would be an interesting trading day. 12. Today's price action would give an indication about the market perception. 13. How the Market participants have taken and considered the Inflation numbers. 14. Even after Inflation numbers arriving as per expectations, if markets close below 17800. 15. Then we would be heading for a breakdown. 16. There are only 9 trading sessions left for Jan series including today  17. FII's are on a selling spree

Pre - Market Analysis (12th Jan 2023)

1. U.S Markets closed higher yesterday.  2. Right now , Dow futures are higher. 3. Asian markets are mixed. 4. SGX Nifty is up 40-50 Points. 5. Yesterday it was a sideways kinda day. 6. Markets tried to break crucial support of 17800 but yet again there was a sharp recovery. 7. 18000 short straddle has the highest open interest for today's expiry. 8. Those who have taken 18k short straddle will be happy at open. 9. As Nifty is likely to open close to 18k itself. 10. It has been 3 weeks now and markets have been consolidating. 11. This consolidation is with huge Volatility.  12. Range for nifty is 17800 to 18200. 13. Within this range markets have been trading with large swings. 14. Expect this range not to be broken anytime soon. 15. 17850-17800 is a good buy zone for today. 16. If 18k is crossed we might head towards 18100. 17. Crossing 18100 today would be a tough job. 18. Unless any major thing happens in Dow futures etc.  19. Nifty might trade between 17800 to 18100

Pre - Market Analysis (11th Jan 2023)

1. U.S Markets closed higher yesterday.  2. Right now , dow futures are flat. 3. Asian markets are mixed. 4. SGX Nifty is up 20-30 Points. 5. Yesterday it was once again a roller coaster ride. 6. Markets crashed yesterday.  7. There has been huge Volatility since the inception of 2023. 8. On Friday Nifty fell 200 Points. 9. On Monday it shot up 250 Points. 10. Only to fall yesterday by 200 Points. 11. Such is the huge Volatility we have been witnessing since quite some time now. 12. Nifty is trading violently between 17800 to 18200. 13. The swings within this range are incredible.  14. Yesterday while all the Global Markets were flat during trading hours. 15. We were the only one to crash this much. 16. Indian Exchange in order to earn more Money have been setting up various instruments.  17. The new Instrument is the FIN Nifty expiry. 18. Due to these instruments the Volatility has risen. 19. Markets are likely to consolidate today as well. 20. After the Inflation numbers

Pre - Market Analysis (10th Jan 2023)

1. U.S Markets closed lower yesterday.  2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 50 Points. 5. At one point of time yesterday the U.S Markets were higher. 6. All the indices were higher by more than a percent. 7. In the second half profit booking began and markets closed Ultimately lower. 8. This shows that Markets are not out of the woods yet. 9. Selling pressure is still persisting. 10. Now a days Thursdays have also become volatile because of the FIN Nifty expiry. 11. FIN Nifty has also gained popularity recently and every Tuesday is the expiry. 12. This adds up to the Volatility. 13. 17800 has now technically become a double bottom for the markets. 14. Unless fresh negative comes out this level shouldn't be broken easily. 15. 18000 has now become a good support for the short term. 16. 17800 to 18300 is the range for nifty now. 17. For the last 3 weeks nifty is trading within this range. 18. Banks seem to have lost a bit

Pre - Market Analysis (9th Jan 2023)

1. U.S Markets closed higher on Friday.  2. Right now , dow futures are higher. 3. Asian markets are mildly higher. 4. SGX Nifty is up 150 points. 5. On Friday, US Jobs data were announced. 6. I always say that Market positioning before the event is the key. 7. Before the event , markets were highly oversold  8. All the World markets were in oversold zones going into the event. 9. When there are no major or added negatives going to the event. 10. This is what happens. 11. It was a huge short covering rally. 12. Usually Mondays are trending days so Chances are today could be a trending day. 13. FII's have been selling non-stop since the inception of 2023. 14. I had pointed out of Friday that 17800 is a great buying opportunity.  15. Fridays low was exactly at 17800 and markets have reversed from those levels. 16. Now if 18000 is taken out we would be heading towards 18200. 17. This is a swinging market in which markets are hitting both sides of the range. 18. Next event

Pre - Market Analysis (6th Jan 2023)

1. U.S Markets closed lower Yesterday.  2. Right now , dow futures are higher. 3. Asian markets are mildly higher. 4. SGX Nifty is flat. 5. Yesterday it was an unexpected trading day once again. 6. Nifty opened near 18k and was trying to inch higher. 7. It was consolidating near 18k for quite a longer period of time. 8. The FII selling was so huge that Nifty broke 18k and kept going lower. 9. It was a trending expiry downwards. 10. As the FII selling is so huge that Volatility has increased and markets are selling off aggressively.  11. Markets are making lower lows on a daily basis. 12. There is only one reason for that and that is FII selling. 13. Today we will be having U.S jobs data. 14. This could decide the next leg of the move. 15. Russia - Ukraine war is also going into next leg. 16. This is also dampening the sentiment 17. Nifty is trading with huge Volatility between 17800 to 18250. 18. Within this range nifty is trading with huge Volatility.  19. I advice to trad

Pre - Market Analysis (5th Jan 2023)

1. U.S Markets closed slightly higher Yesterday.  2. Right now , dow futures are flat. 3. Asian markets are mixed. 4. SGX Nifty is up 20-30 Points. 5. Yesterday it was an unexpected trading day. 6. Nifty opened higher and tried to move higher. 7. Then came the heavy selling by FII's. 8. The selling was so heavy by the FII's that Nifty went close to 18k. 9. Nifty found some small support near and then reversed from that level. 10. Only falling back close to 18k and closing almost at lowest point of the day. 11. Many reports suggest that due to Covid outbreak in Japan markets have crashed. 12. On the other hand , when I see the Global Markets I've got the shock of my lifetime. 13. All the Global Markets were flying yesterday and our Markets crashed. 14. Thus isn't Covid this is something else. 15. FII's might be expecting some negative outcome in Union Budget. 16. In anticipation of the same , selling might have begun. 17. As we know markets move on rumour

Pre - Market Analysis (4th Jan 2023)

1. U.S Markets closed lower yesterday.  2. Right now , dow futures are higher. 3. Asian markets are mildly Positive. 4. SGX Nifty is down 40-50 Points. 5. Yesterday it was a flat session. 6. Nifty opened higher and tried to move higher. 7. Second half witnessed FII selling and Nifty & Bank nifty was in negative. 8. Ultimately closing slightly higher yesterday.  9. There's a consolidation happening in our Markets. 10. Markets are searching for fresh triggers and news to decide the direction. 11. SEBI has asked OYO to revise their IPO papers  12. OYO IPO could take more time to hit the markets now  13. GST Collection numbers have come very strong for December. 14. Manufacturing PMI has also been the highest above 57 for India. 15. Growth triggers are certainly looking very much Positive for India. 16. Markets could consolidate for some more time before making a bigger move. 17. I expect a breakout on the higher side. 18. 18300 to be breached first and not 18k. 19. Unt

Pre - Market Analysis (3rd Jan 2023)

1. U.S Markets were shut yesterday.  2. In U.S if an occasion falls on Sunday the next day is a holiday. 3. As new Year was on Sunday there was a holiday the next day. 4. Right now Dow futures are slightly lower. 5. Asian markets are mostly mixed. 6. SGX Nifty is down 40- 50 Points. 7. Yesterday it was a ranging day for the markets. 8. Nifty traded within the range of 18100 to 18200. 9. It was a flattish day. 10. India VIX also fell yesterday.  11. Yesterday the volumes were also quite low. 12. FII's were on a holiday hence the volumes were low. 13. There is some news regarding Mama Earth IPO. 14. The IPO listing is expected to be at a valuation of 24000 crores as per reports. 15. Annual profits of the company are around 22 crores. 16. This makes company list 1000X of its profits. 17. I'm very depressed when new age start ups try to play the valuation game instead of playing value game. 18. All the Start up now a days just run behind valuations without creating a pr

Pre - Market Analysis (2nd Jan 2023)

1. U.S Markets closed lower on Friday. 2. Asian markets are mostly mixed. 3. Dow futures are slightly lower right now. 4. SGX Nifty is down 40- 50 Points. 5. Friday first half was a slightly price action. 6. Nifty was trading within a 50 points range. 7. The range was between 18200 to 18250. 8. In just one candle from 2.45 to 2.48 Nifty crashed 130 points. 9. Without any major news flow. 10. Without any sort of event Nifty crashed within 3 minutes. 11. I know many of the traders In my circle losing heavily due to the same  12. Luckily I wasn't trading on Friday. 13. Even if I trade on Fridays I trade with very less volumes as compared to normal volumes. 13. Sometimes , due to such one - sided moves and sudden moves even the stoploss placed in the system doesn't get triggered. 14. Weekly open interest positions indicate heavy call writing. 15. 18200 and above calls have been written aggressively.  16. Pull Call ratio is at 0.55 which indicates oversold market. 17. As