Pre - Market Analysis (5th April 2023)

1. U.S Markets closed lower yesterday.

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

3. SGX Nifty is indicating a gap down opening of 30-40 Points.

4. Asian Markets are mostly mixed.

5. On Monday the markets were in a Consolidation Mode for the first half.

6. In the second half Markets gathered some steam and closed at the highest point of the day.

7. Friday and Monday the markets consecutively closed at the highest point of the day.

8. This indicates a Bullish uptrend in the markets.

9. India VIX for most part of the day was trading higher.

10. During the second half VIX Crashed and closed negative.

11. Premiums for the options are ultra now.

12. VIX is trading at multi year low.

13. Market breadth has also been positive since last 2 trading sessions.

14. Somewhere I'm not much convinced with the rally.

15. This is more of a short covering rally than a trend reversal.

16. There will be days where markets will have big rallies and it would feel like good days are back.

17. Let me tell you that trends don't change so easily.

18. Gold and Silver prices are trading at all time highs.

19. This is also a concern for equity markets as money is being shifted to other asset classes.

20. Markets are definitely above swing high and all Technicals are showing green.

21. One also has to remember that since last year markets have been in a reversal mode.

22. Trending traders are chopped off both sides.

23. The larger trend continues to be bearish and we are just witnessing minor pullback rallies in between.

24. Nifty might trade between 17200 to 17500 today.

25. 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 (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday. 8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday. 10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility. 13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday. 18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday. 20. So clearly there was valuation over hang which is gettin

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday. 2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets 6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks 11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff. 18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively. 20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

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