Pre - Market Analysis (6th Feb 2023)

1. U.S Markets closed lower on Friday.

2. Right now , U.S Futures are lower.

3. Asian markets are lower.

4. SGX Nifty is down 20-30 Points.

5. Friday it was a turnaround session for the markets.

6. Markets were crashing throughout the week due to Adani fiasco

7. On Friday there was some positive news about Adani Bonds by a credit rating agency named Moodys.

8. This led to Positive sentiment in the stock

9. Leading to a large rally in the markets.

10. Also as people have shorted and sold heavily for whole of the week.

11. The Positions when squared up lead to a short covering rally.

12. As traders do not like to carry trades over the weekend.

13. 90% of all the worst has happened over Adani group stocks

14. I do not think there could be any more worse than this that could've happened.

15. There was a valuation overhang which got corrected.

16. These stocks also have an overall impact on the market sentiment.

17. So discussing about them would help us to Guage overall sentiment.

18. All the Insurance stocks are down by 15-20% after there has been announcement in the budget.

19. It's a good time to buy insurance stocks coz I feel they would get accustomed to the new regulations.

20. SBI has again come out with blockbuster results.

21. Nifty might trade between 17700 to 18000 today.

22. stockmarketadvisory.in

Comments

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. stockmarketadvisory.in

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