Pre - Market Analysis (15th Feb 2023)

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1. U.S Markets closed mixed Yesterday.

2. Dow Jones closed lower , S&P 500 closed flat whereas Nasdaq closed higher.

3. Right now , all the U.S Futures are trading lower.

4. Asian markets are lower.

5. SGX Nifty is down 80-100 Points.

6. Yesterday it was a surprising day.

7. Markets opened higher , tested 17800 and started moving higher.

8. It was a smooth ride towards the top and was a trending day.

9. I didn't expect markets to cross 17900 Yesterday.

10. Markets are a place of surprises and the short covering led to crossover of 17900 as well.

11. There was huge Call writing at 17850 , 17900 , 17950 & 18000 Call Options Yesterday.

12. All these Call writers got afraid , booked losses and had to run for cover Yesterday.

13. They had squared up all the Call Options and started to sell Put options.

14. Now , 17900 PE , 17850 PE & 17800 PE particularly have huge open interest addition.

15. With this gap up these put writers will panic.

16. This is what happens in a ranging and choppy market.

17. One day up, next day down

and Ultimately going absolutely nowhere.

18. FII's have been buyers for 3 consecutive sessions.

19. Yesterday U.S Inflation numbers were announced.

20. Inflation numbers were better than precious month but worse than expected.

21. Indian Inflation numbers were also worse than expected.

22. Another rate hike is om the table now.

23. SGX Nifty hit a high of 18k and reversed Yesterday.

24. Nifty might trade between 17800 to 18000 today.

25.

Comments

Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is

Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

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

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