Pre - Market Analysis (8th Feb 2023)

1. U.S Markets closed higher Yesterday.

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

3. Asian markets are higher.

4. SGX Nifty is up 60-70 Points.

5. Yesterday there was a FED policy in the U.S

6. The Commentary given by the Fed chairman was liked to by the markets.

7. Fed Chairman said that the Inflation is going down

8. He also hinted that the interest rates may continue to increase.

9. Reduction of Inflation is a positive news for the markets.

10. As the Inflation keeps coming down , FED may at one point of time stop hiking rates as well.

11. Today we also have the RBI Policy.

12. Generally all the Central Banks follow each other related to their outlook.

13. RBI is expected to increase the rates by 25 basis points.

14. 17800 , 17900 & 18000 CE all have a huge open interest for this expiry.

15. Yesterday the FII's have sold for more than 2600 crores.

16. FII's again keep selling and DII's again keep supporting the markets.

17. Bank Nifty was the outperformed Yesterday.

18. If there an increase in Rates by RBI as per market expectations then we may have a relief rally today.

19. However , 17850 is a stiff resistance.

20. Yesterday as well the Markets couldn't cross 17850.

21. Nifty might trade between 17600 to 17900 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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