Markets all over the place (28th March 2023)

1. U.S Markets closed higher yesterday.

2. Right now , U.S Futures are trading higher.

3. SGX Nifty is indicating a large gap up of 50+ Points.

4. Asian Markets are mostly higher.

5. Yesterday the markets moved all over the place.

6. Markets yesterday were trading within a range but were highly Volatile.

7. They were trading within a 100 point range max for the day

8. Within that range markets made many 100 point swings.

9. Bank Nifty was also within a range yesterday.

10. So now the Markets are in a consolidation phase.

11. Tomorrow we will be having the monthly expiry.

12. Thursday is a Public holiday on account of Ram Navmi.

13. Midcap stocks are under huge selling pressure.

14. Yesterday Nifty closed flat.

15. The thing which doesn't grab eyeballs in the advance - decline ratio.

16. There were just 400 advances yesterday and 1600 declining stocks.

17. That means for every 1 stock higher 4 stocks lower.

18. Mid & small cap stocks are facing the brunt.

19. Markets are very weak right now.

20. 16800 to 17200 is the range for nifty.

21. Buy near lower end of the range with a strict stop and sell near upper end of the range with a tight stop.

22. That's the best way to trade ranging markets.

23. Nifty might trade between 16850 to 17150 today.

24. 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 (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso

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