Pre - Market Analysis (3rd March 2023)

1. U.S Markets closed higher yesterday.

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

3. Yesterday the U.S markets were trading flat for the first half.

4. In second half there was a rally.

5. Markets have been moving sideways from quite some time now.

6. Nifty is trading in a zig zag pattern.

7. It up one day , down the next day and Ultimately going nowhere.

8. Yesterday the markets closed lower.

9. Today there's a gap up.

10. Previous 6 trading sessions have been one day up one day down.

11. Trend followers are being trapped badly.

12. As the markets ain't following any major trend.

13. 17300 - 17500 is the range for nifty.

14. Within this range nifty is trading with huge Volatility.

15. In Ranging markets, the trade is to buy at the lower end & sell at the upper end with stoploss .

16. Unless we cross 17600 decisively the larger trend is still bearish

17. There might be some pullbacks in between

18. These pullbacks are not so strong that could alter the trend of the market altogether.

19. We are in a sell on rally Market.

20. India VIX has now reached 13 which is all time low.

21. Selling naked isn't advisable in such environment.

22. Focus on trading via spreads.

23. Nifty might trade between 17250 to 17550.

24. stockmarketadvisory.in

Comments

Reversal from 20k (24th July 2023)

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Finale Expiry Week (19th May 2023)

1. U.S Markets closed higher yesterday. 2 Right now , Dow Futures are slightly higher. 3. SGX Nifty is higher by 40-50 Points. 4. Asian Markets are higher. 5. Yesterday was a strange trading day. 6. I say strange because SGX Nifty pre market was showing 30-40 point gap up opening. 7. Nifty opened around 120 points higher. 8. This was a huge gap up out of nowhere. 9. So naturally it was an excellent shorting opportunity. 10. The Volatility again yesterday was super high. 11. Nifty tested the previous day low of 18100 once again yesterday. 12. There was an intense selling during the last 30 minutes yesterday. 13. Surprisingly, INDIA VIX hasn't inched higher in last 3 days of extreme sell off. 14. This shows that there is lesser panic in the markets right now. 15. Currently, we have a good risk - reward trade opening up on Nifty. 16. 18100 looks as a double bottom being made on Nifty for the short term. 17. There are fever indications for the same 18. One could g

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets 9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

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